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

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

Separately, Truist Financial increased their price target on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th.

Whitestone REIT Trading Up 1.1 %

Shares of Whitestone REIT stock opened at $12.83 on Friday. 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. The firm has a market capitalization of $652.98 million, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89. The firm’s 50 day moving average is $13.79 and its 200 day moving average is $13.96.

Whitestone REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, June 2nd will be issued a dividend of $0.045 per share. 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 4.21%. Whitestone REIT’s dividend payout ratio (DPR) is presently 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.