Whitestone REIT (NYSE:WSR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR) in a research report released on Tuesday morning. The firm issued a hold rating on the real estate investment trust’s stock.

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

Whitestone REIT Price Performance

Shares of NYSE WSR opened at $13.67 on Tuesday. The firm has a market cap of $692.33 million, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27. The business’s 50 day moving average is $14.37 and its 200-day moving average is $13.83. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a 1-year low of $10.77 and a 1-year high of $15.36.

Whitestone REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be issued a $0.045 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.54 annualized dividend and a yield of 3.95%. Whitestone REIT’s dividend payout ratio is presently 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.