Whitestone REIT (NYSE:WSR) Reaches New 1-Year High – Still a Buy?

Whitestone REIT (NYSE:WSR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $19.01 and last traded at $19.0050, with a volume of 52885 shares traded. The stock had previously closed at $18.99.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Alliance Global Partners cut shares of Whitestone REIT from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. B. Riley Financial cut shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Truist Financial cut shares of Whitestone REIT from a “buy” rating to a “hold” rating and raised their target price for the stock from $17.00 to $19.00 in a report on Thursday, April 9th. LADENBURG THALM/SH SH cut shares of Whitestone REIT from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Cantor Fitzgerald cut shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.50.

Whitestone REIT Stock Performance

The stock has a fifty day moving average price of $17.61 and a two-hundred day moving average price of $15.21. The company has a market cap of $976.15 million, a P/E ratio of 19.79 and a beta of 0.80. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.34 and a quick ratio of 1.34.

Whitestone REIT (NYSE:WSR) last released its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. The company had revenue of $43.92 million for the quarter, compared to analysts’ expectations of $41.27 million. Whitestone REIT had a return on equity of 11.12% and a net margin of 30.67%.Whitestone REIT has set its FY 2026 guidance at 1.100-1.140 EPS. On average, equities analysts forecast that Whitestone REIT will post 1.13 earnings per share for the current fiscal year.

Whitestone REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, June 17th. Whitestone REIT’s payout ratio is 59.38%.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.