Whitestone REIT’s (WSR) Hold Rating Reiterated at Maxim Group

Maxim Group reissued their hold rating on shares of Whitestone REIT (NYSE:WSR) in a research note released on Monday morning, MarketBeat reports.

WSR has been the topic of a number of other research reports. LADENBURG THALM/SH SH assumed coverage on shares of Whitestone REIT in a research report on Tuesday, January 13th. They set a “buy” rating and a $17.00 target price on the stock. Truist Financial increased their price objective on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday, December 29th. Citigroup reaffirmed a “market outperform” rating on shares of Whitestone REIT in a research note on Tuesday, January 6th. Finally, Cantor Fitzgerald raised Whitestone REIT to a “strong-buy” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.50.

Whitestone REIT Stock Up 0.4%

Shares of NYSE:WSR opened at $15.20 on Monday. Whitestone REIT has a 1 year low of $11.43 and a 1 year high of $15.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.98 and a quick ratio of 1.74. The business’s 50-day moving average is $14.48 and its 200-day moving average is $13.40. The company has a market capitalization of $775.25 million, a price-to-earnings ratio of 15.99 and a beta of 0.77.

Whitestone REIT (NYSE:WSR) last issued its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The business had revenue of $43.92 million during the quarter, compared to the consensus estimate of $41.27 million. Whitestone REIT had a return on equity of 11.23% and a net margin of 31.04%.Whitestone REIT has set its FY 2026 guidance at 1.100-1.140 EPS. Equities research analysts predict that Whitestone REIT will post 0.99 earnings per share for the current year.

Whitestone REIT announced that its Board of Directors has initiated a stock repurchase plan on Friday, December 19th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the real estate investment trust to purchase up to 7.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Whitestone REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, March 16th. Whitestone REIT’s dividend payout ratio is 43.16%.

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.