Whitestone REIT (NYSE:WSR) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Whitestone REIT (NYSE:WSR) in a research note issued to investors on Sunday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Several other equities research analysts also recently issued reports on WSR. Truist Financial raised their price objective on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Whitestone REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.

Whitestone REIT Price Performance

Shares of Whitestone REIT stock opened at $14.26 on Friday. Whitestone REIT has a 1-year low of $10.77 and a 1-year high of $15.36. The firm has a fifty day simple moving average of $14.42 and a 200-day simple moving average of $13.75. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $722.21 million, a price-to-earnings ratio of 34.78, a PEG ratio of 2.46 and a beta of 1.26.

Whitestone REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, March 3rd will be paid a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Monday, March 3rd. Whitestone REIT’s dividend payout ratio is 131.71%.

About Whitestone REIT

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.