Whitestone REIT (NYSE:WSR) Reaches New 1-Year High – Still a Buy?

Whitestone REIT (NYSE:WSR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.02 and last traded at $14.95, with a volume of 203795 shares trading hands. The stock had previously closed at $14.64.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WSR shares. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th. StockNews.com started coverage on shares of Whitestone REIT in a research report on Saturday. They issued a “hold” rating for the company. Finally, Truist Financial lifted their price target on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.

Whitestone REIT Stock Up 0.2 %

The firm has a market cap of $771.09 million, a price-to-earnings ratio of 37.12, a P/E/G ratio of 2.46 and a beta of 1.26. 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 firm’s fifty day moving average is $14.37 and its two-hundred day moving average is $13.72.

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 issued a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Monday, March 3rd. Whitestone REIT’s dividend payout ratio (DPR) is presently 131.71%.

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.