Whitestone REIT (NYSE:WSR) announced a monthly dividend on Wednesday, June 17th, Wall Street Journal reports. Stockholders of record on Tuesday, August 4th will be paid a dividend of 0.035 per share by the real estate investment trust on Thursday, August 13th. This represents a $0.42 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Monday, August 3rd.

Whitestone REIT has decreased its dividend payment by an average of 15.4% annually over the last three years. Whitestone REIT has a dividend payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Whitestone REIT to earn $0.91 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 46.2%.

Shares of WSR opened at $6.60 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.98. Whitestone REIT has a 12-month low of $4.70 and a 12-month high of $14.65. The firm has a market capitalization of $278.10 million, a PE ratio of 6.41 and a beta of 1.41. The stock’s fifty day simple moving average is $6.95 and its 200-day simple moving average is $8.66.

Whitestone REIT (NYSE:WSR) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.15). Whitestone REIT had a net margin of 18.75% and a return on equity of 6.42%. The firm had revenue of $30.58 million for the quarter, compared to analyst estimates of $31.09 million. Analysts anticipate that Whitestone REIT will post 0.82 EPS for the current year.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Whitestone REIT from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. JMP Securities assumed coverage on Whitestone REIT in a research note on Monday, June 8th. They issued a “market perform” rating on the stock. Finally, B. Riley cut their target price on Whitestone REIT from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Whitestone REIT currently has an average rating of “Hold” and a consensus price target of $11.67.

In other Whitestone REIT news, CEO James C. Mastandrea purchased 18,000 shares of the stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $5.75 per share, for a total transaction of $103,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,221,932 shares of the company’s stock, valued at $7,026,109. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

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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Dividend History for Whitestone REIT (NYSE:WSR)

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