Whitestone REIT (NYSE: WSR) has received a consensus rating of “Buy” from five research firms currently monitoring the company. According to MarketBeat, these analysts have set an average 12-month target price of $16.00 for the stock, indicating a positive outlook for the real estate investment trust.
Several investment firms have recently commented on Whitestone REIT’s performance. On January 6, Citigroup reaffirmed its “market outperform” rating. Meanwhile, Truist Financial raised its price target from $14.00 to $15.00 on November 18, reflecting confidence in the company’s growth potential. Additionally, LADENBURG THALM/SH SH initiated coverage with a “buy” rating and a target price of $17.00. Weiss Ratings also maintained a “buy (B-)” rating in a note released on December 29.
Quarterly Earnings Show Positive Trends
Whitestone REIT recently reported its quarterly earnings on October 29, revealing earnings per share (EPS) of $0.26, which met analysts’ expectations. The company achieved a net margin of 28.16% and a return on equity of 10.10%. Revenue for the quarter reached $41.05 million, exceeding analyst estimates of $39.21 million.
Looking ahead, Whitestone REIT has set its fiscal year 2025 guidance for EPS between $1.030 and $1.070. Analysts project that the company will deliver an EPS of $0.99 for the current year, reflecting steady growth.
In a significant move, the Board of Directors announced a share repurchase program on December 19, allowing for the repurchase of up to $50.00 million in outstanding shares. This authorization permits the company to buy back up to 7.2% of its stock through open market transactions. Share buybacks are often interpreted as a sign that management believes the company’s shares are undervalued.
Dividend Announcement and Company Profile
In addition to its earnings report, Whitestone REIT declared a quarterly dividend of $0.1425 per share, scheduled for payment on March 30, 2025. Stockholders of record on March 16 will receive this dividend, which translates to an annualized dividend of $0.57 and a yield of 4.1%. The company’s current dividend payout ratio stands at 63.53%.
Whitestone REIT, headquartered in San Antonio, Texas, specializes in the acquisition, development, and management of retail and mixed-use properties. Its portfolio is concentrated in high-growth markets across Texas, including the Dallas–Fort Worth metroplex, Houston, Austin, and San Antonio. The company primarily focuses on convenience and necessity-based retail, partnering with essential tenants such as grocers and service providers to maintain consistent foot traffic and stable occupancy.
As Whitestone REIT continues to navigate the evolving retail landscape, its recent earnings performance and strategic initiatives position it favorably for future growth.
