Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Whitestone REIT (WSR) Stock Price
Headlines about Whitestone REIT (NYSE:WSR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Whitestone REIT earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.8065174508367 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Whitestone REIT (WSR) traded up $0.06 on Thursday, reaching $14.69. 154,200 shares of the company were exchanged, compared to its average volume of 403,110. The firm has a market cap of $555.75, a price-to-earnings ratio of 86.41 and a beta of 1.02. Whitestone REIT has a 1-year low of $10.80 and a 1-year high of $15.15. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.82 and a current ratio of 0.82.
Whitestone REIT (NYSE:WSR) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. The business had revenue of $33.70 million during the quarter, compared to analyst estimates of $32.78 million. Whitestone REIT had a net margin of 5.77% and a return on equity of 2.22%. The business’s revenue was up 32.2% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. analysts forecast that Whitestone REIT will post 1.02 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be issued a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend is Friday, February 2nd. Whitestone REIT’s payout ratio is 670.59%.
A number of equities analysts have recently commented on WSR shares. Zacks Investment Research downgraded shares of Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Whitestone REIT in a research note on Thursday, November 30th. ValuEngine downgraded shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, B. Riley reissued a “buy” rating and issued a $15.00 target price on shares of Whitestone REIT in a research note on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Whitestone REIT currently has a consensus rating of “Buy” and an average target price of $14.75.
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Whitestone REIT Company Profile
Whitestone REIT is a real estate investment trust. The Company is engaged in owning and operating commercial properties in culturally diverse markets in various metropolitan areas. The Company’s acquisition targets are located in densely populated, culturally diverse neighborhoods, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.
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