thoughts on these estimates, before EPS results? Whitestone REIT (NYSE:WSR)

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Earnings results for Whitestone REIT (NYSE:WSR)

Whitestone REIT is expected* to report earnings on 10/26/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.2. The reported EPS for the same quarter last year was $0.26.

Whitestone REIT last issued its earnings data on August 5th, 2020. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.20. Whitestone REIT has generated $1.06 earnings per share over the last year and currently has a price-to-earnings ratio of 13.9. Whitestone REIT has confirmed that its next quarterly earnings report will be published on Monday, October 26th, 2020.

Analyst Opinion on Whitestone REIT (NYSE:WSR)

3 Wall Street analysts have issued ratings and price targets for Whitestone REIT in the last 12 months. Their average twelve-month price target is $9.00, predicting that the stock has a possible upside of 40.41%. The high price target for WSR is $13.00 and the low price target for WSR is $5.00. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Whitestone REIT has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $9.00, Whitestone REIT has a forecasted upside of 40.4% from its current price of $6.41. Whitestone REIT has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Whitestone REIT (NYSE:WSR)

Whitestone REIT is a leading dividend payer. It pays a dividend yield of 6.55%, putting its dividend yield in the top 25% of dividend-paying stocks. Whitestone REIT does not have a long track record of dividend growth. The dividend payout ratio of Whitestone REIT is 39.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Whitestone REIT will have a dividend payout ratio of 45.16% next year. This indicates that Whitestone REIT will be able to sustain or increase its dividend.

Insiders buying/selling: Whitestone REIT (NYSE:WSR)

In the past three months, Whitestone REIT insiders have not sold or bought any company stock. Only 6.30% of the stock of Whitestone REIT is held by insiders. 56.02% of the stock of Whitestone REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Whitestone REIT (NYSE:WSR

Earnings for Whitestone REIT are expected to grow by 12.05% in the coming year, from $0.83 to $0.93 per share. The P/E ratio of Whitestone REIT is 13.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.68. The P/E ratio of Whitestone REIT is 13.93, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.41. Whitestone REIT has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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