B. Riley Comments on Whitestone REIT’s Q1 2020 Earnings (NYSE:WSR)

Whitestone REIT (NYSE:WSR) – Equities researchers at B. Riley decreased their Q1 2020 earnings per share (EPS) estimates for shares of Whitestone REIT in a report released on Tuesday, November 5th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $0.24 for the quarter, down from their previous estimate of $0.25. B. Riley has a “Hold” rating and a $13.00 price target on the stock. B. Riley also issued estimates for Whitestone REIT’s Q2 2020 earnings at $0.25 EPS, Q3 2020 earnings at $0.22 EPS, Q4 2020 earnings at $0.24 EPS and FY2020 earnings at $0.93 EPS.

Several other brokerages have also recently commented on WSR. Zacks Investment Research upgraded shares of Whitestone REIT from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Saturday, October 12th. Maxim Group set a $15.00 price target on shares of Whitestone REIT and gave the stock a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $14.33.

Shares of WSR stock opened at $13.72 on Friday. The stock has a market cap of $573.34 million, a P/E ratio of 11.83 and a beta of 1.01. Whitestone REIT has a 52 week low of $11.50 and a 52 week high of $14.65. The company has a quick ratio of 1.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.87. The company’s fifty day simple moving average is $13.75 and its two-hundred day simple moving average is $12.96.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $29.88 million during the quarter, compared to analysts’ expectations of $29.99 million. Whitestone REIT had a return on equity of 4.55% and a net margin of 13.75%.

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The business also recently declared a — dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be paid a $0.095 dividend. This represents a yield of 8.4%. The ex-dividend date of this dividend is Monday, December 2nd. Whitestone REIT’s payout ratio is currently 98.28%.

In related news, CEO James C. Mastandrea purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $12.64 per share, for a total transaction of $126,400.00. Following the purchase, the chief executive officer now directly owns 1,027,250 shares in the company, valued at $12,984,440. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 5.60% of the stock is owned by insiders.

About Whitestone REIT

Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "E-Commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provides daily necessities, needed services and entertainment to the communities in which they are located.

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Earnings History and Estimates for Whitestone REIT (NYSE:WSR)

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