Whitestone REIT (NYSE:WSR) Authorizes Stock Buyback Program

Whitestone REIT (NYSE:WSR - Get Free Report) announced that its Board of Directors has initiated a stock repurchase program on Friday, December 19th, RTT News reports. The company plans to repurchase $50.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 7.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.Get Whitestone REIT alerts:Wall Street Analysts Forecast GrowthHow Whitestone REIT Is Transforming Sun Belt Retail GrowthSeveral analysts recently issued reports on WSR shares. Truist Financial increased their price objective on Whitestone REIT from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Whitestone REIT in a research report on Monday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $15.50.View Our Latest Analysis on Whitestone REITWhitestone REIT Stock Down 0.3%High Dividend REITs: Are They an Ideal Way to Diversify?NYSE:WSR traded down $0.04 during trading hours on Friday, reaching $13.62. The company's stock had a trading volume of 516,992 shares, compared to its average volume of 206,925. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $695.05 million, a price-to-earnings ratio of 16.03 and a beta of 0.82. Whitestone REIT has a one year low of $11.43 and a one year high of $14.77. The business's 50-day moving average is $12.95 and its 200-day moving average is $12.65. Whitestone REIT (NYSE:WSR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting analysts' consensus estimates of $0.26. The company had revenue of $41.05 million during the quarter, compared to analysts' expectations of $39.21 million. Whitestone REIT had a return on equity of 10.10% and a net margin of 28.16%.Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. Equities research analysts predict that Whitestone REIT will post 0.99 EPS for the current year. Whitestone REIT Announces DividendThe company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, March 16th. Whitestone REIT's dividend payout ratio is currently 63.53%. Whitestone REIT Company Profile Get Free Report)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.Read MoreFive stocks we like better than Whitestone REITHow to invest in marijuana stocks in 7 steps Nike Beats on Earnings But Struggles in China and Faces TariffsAsset Allocation Strategies in Volatile MarketsIs the AI Boom a Bubble? These 2 Dividend Stocks Say NoBest Stocks Under $5.004 High-Potential ETFs for 2026: Small Caps, Space Stocks, and MoreThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Whitestone REIT Right Now?Before you consider Whitestone REIT, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Whitestone REIT wasn't on the list.While Whitestone REIT currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here