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

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

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

Whitestone REIT Price Performance

Whitestone REIT stock opened at $14.73 on Wednesday. The firm has a market capitalization of $746.07 million, a price-to-earnings ratio of 35.93, a PEG ratio of 2.42 and a beta of 1.26. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a 52-week low of $10.77 and a 52-week high of $14.80. The company has a fifty day simple moving average of $13.96 and a 200-day simple moving average of $13.48.

Whitestone REIT Dividend Announcement

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

Insider Activity

In related news, Director Julia Bruns Buthman bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $12.99 per share, with a total value of $64,950.00. Following the completion of the transaction, the director now directly owns 8,093 shares of the company’s stock, valued at $105,128.07. This represents a 161.66 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.50% of the company’s stock.

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.