Whitestone REIT (WSR) To Go Ex-Dividend on October 1st

Whitestone REIT (NYSE:WSR) declared a oct 25 dividend on Thursday, August 28th, RTT News reports. Shareholders of record on Wednesday, October 1st will be given a dividend of 0.045 per share by the real estate investment trust on Thursday, October 9th. This represents a yield of 415.0%. The ex-dividend date of this dividend is Wednesday, October 1st.

Whitestone REIT has a dividend payout ratio of 128.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Whitestone REIT to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 51.4%.

Whitestone REIT Price Performance

WSR stock opened at $12.49 on Monday. Whitestone REIT has a 52-week low of $11.77 and a 52-week high of $15.36. The business has a 50-day simple moving average of $12.61 and a two-hundred day simple moving average of $12.82. The company has a market capitalization of $637.39 million, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.41 and a current ratio of 2.41.

Whitestone REIT (NYSE:WSR) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Whitestone REIT had a return on equity of 7.76% and a net margin of 21.70%.The firm had revenue of $37.68 million for the quarter, compared to the consensus estimate of $38.55 million. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. Research analysts expect that Whitestone REIT will post 0.99 EPS for the current fiscal year.

Whitestone REIT Company Profile

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities.