Whitestone REIT (NYSE:WSR) Research Coverage Started at StockNews.com

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

A number of other equities analysts also recently commented on WSR. Truist Financial upped their target price on shares of Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and issued a $15.00 price objective on shares of Whitestone REIT in a research note on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Whitestone REIT Stock Up 0.5 %

Shares of NYSE:WSR opened at $14.73 on Wednesday. The company has a 50-day moving average price of $13.94 and a 200 day moving average price of $13.45. 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 12 month low of $10.77 and a 12 month high of $14.80. The company has a market cap of $746.07 million, a price-to-earnings ratio of 35.81, a PEG ratio of 2.41 and a beta of 1.26.

Whitestone REIT Dividend Announcement

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

Insider Buying and Selling at Whitestone REIT

In other news, Director Julia Bruns Buthman purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the completion of the transaction, the director now owns 8,093 shares in the company, valued at $105,128.07. This represents a 161.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through 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.