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

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

Other research analysts have also recently issued reports about the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of Whitestone REIT in a report on Tuesday, December 10th. Truist Financial increased their price objective on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Whitestone REIT presently has a consensus rating of “Moderate Buy” and an average target price of $15.67.

Whitestone REIT Price Performance

Shares of NYSE:WSR opened at $14.64 on Friday. The business has a fifty day moving average price of $14.33 and a 200-day moving average price of $13.69. 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 company has a market capitalization of $741.52 million, a PE ratio of 35.71, a PEG 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 $15.01.

Whitestone REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, March 3rd will be issued a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Monday, March 3rd. Whitestone REIT’s payout ratio is currently 121.95%.

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.