SunTrust Banks Comments on Whitestone REIT’s FY2022 Earnings (WSR)
Whitestone REIT (NYSE:WSR) – Research analysts at SunTrust Banks issued their FY2022 earnings per share (EPS) estimates for Whitestone REIT in a research note issued on Monday. SunTrust Banks analyst K. Kim expects that the real estate investment trust will post earnings of $1.27 per share for the year. SunTrust Banks has a “Hold” rating and a $13.00 price objective on the stock.
Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The business had revenue of $33.70 million during the quarter, compared to analysts’ expectations of $32.78 million. Whitestone REIT had a return on equity of 2.22% and a net margin of 5.77%. The business’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS.
Shares of Whitestone REIT (WSR) traded down $0.17 on Wednesday, hitting $13.34. The stock had a trading volume of 259,466 shares, compared to its average volume of 305,965. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.87. The stock has a market cap of $513.41, a PE ratio of 74.11 and a beta of 1.04. Whitestone REIT has a fifty-two week low of $10.80 and a fifty-two week high of $15.15.
Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. acquired a new stake in shares of Whitestone REIT during the 3rd quarter worth about $826,000. Vanguard Group Inc. raised its position in shares of Whitestone REIT by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,641,643 shares of the real estate investment trust’s stock worth $44,610,000 after acquiring an additional 269,793 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Whitestone REIT by 55.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 53,847 shares of the real estate investment trust’s stock worth $660,000 after acquiring an additional 19,151 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Whitestone REIT during the 3rd quarter worth about $3,791,000. Finally, Northern Trust Corp raised its position in shares of Whitestone REIT by 32.1% during the 2nd quarter. Northern Trust Corp now owns 423,099 shares of the real estate investment trust’s stock worth $5,183,000 after acquiring an additional 102,867 shares in the last quarter. 49.83% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be given a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Friday, February 2nd. Whitestone REIT’s dividend payout ratio (DPR) is presently 633.33%.
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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