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

StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR) in a research report report published on Friday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on WSR. JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a report on Tuesday, December 10th. Truist Financial increased their price target on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th.

Whitestone REIT Stock Performance

WSR stock opened at $14.52 on Friday. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The company has a market cap of $738.74 million, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The business’s fifty day moving average is $13.78 and its 200-day moving average is $13.94.

Whitestone REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be paid a $0.045 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 3.72%. Whitestone REIT’s payout ratio is 76.06%.

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.