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

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

WSR has been the topic of several other reports. Truist Financial boosted their price target on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 29th. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.67.

Whitestone REIT Trading Up 0.9 %

Shares of Whitestone REIT stock opened at $14.15 on Friday. The firm’s 50 day moving average is $14.41 and its 200 day moving average is $13.77. The firm has a market capitalization of $716.64 million, a PE ratio of 34.51, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26. Whitestone REIT has a 1 year low of $10.77 and a 1 year high of $15.36. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.82%. Whitestone REIT’s dividend payout ratio (DPR) is 131.71%.

About Whitestone REIT

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.