Whitestone REIT (NYSE:WSR) Price Target Raised to $16.00

Whitestone REIT (NYSE:WSR) had its price target lifted by Truist Financial from $15.00 to $16.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price target on shares of Whitestone REIT in a research note on Thursday, September 19th. StockNews.com initiated coverage on Whitestone REIT in a research report on Thursday. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.33.

Whitestone REIT Stock Performance

Shares of NYSE:WSR opened at $14.72 on Friday. Whitestone REIT has a 1 year low of $10.77 and a 1 year high of $15.01. The stock has a market capitalization of $745.57 million, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 2.43 and a beta of 1.26. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The company’s 50 day simple moving average is $14.12 and its 200 day simple moving average is $13.57.

Whitestone REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be paid a $0.0413 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.50 annualized dividend and a dividend yield of 3.36%. Whitestone REIT’s payout ratio is 121.95%.

Insider Transactions at Whitestone REIT

In other news, Director Julia Bruns Buthman bought 5,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $12.99 per share, with a total value of $64,950.00. Following the completion of the purchase, the director now directly owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. This represents a 161.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 5.50% of the stock is owned by corporate insiders.

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.