Whitestone REIT (NYSE:WSR) Given New $16.00 Price Target at Truist Financial

Whitestone REIT (NYSE:WSR) had its target price increased by Truist Financial from $15.00 to $16.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on the company. StockNews.com initiated coverage on Whitestone REIT in a research note on Wednesday, March 12th. They set a “hold” rating for the company. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th.

Whitestone REIT Stock Up 1.2 %

Shares of NYSE:WSR opened at $14.49 on Tuesday. The company has a market capitalization of $733.86 million, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The business has a fifty day moving average price of $13.61 and a two-hundred day moving average price of $13.88. 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 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 3.73%. Whitestone REIT’s dividend payout ratio (DPR) 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.