Whitestone REIT (NYSE:WSR) Earns Hold Rating from Analysts at StockNews.com

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

Other research analysts have also recently issued research reports about the company. Truist Financial lifted their target price on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 target price on shares of Whitestone REIT in a research report on Tuesday, December 10th.

Whitestone REIT Stock Performance

Whitestone REIT stock opened at $13.43 on Friday. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The business’s 50-day moving average price is $13.79 and its two-hundred day moving average price is $13.80. The stock has a market cap of $679.98 million, a PE ratio of 32.74, a P/E/G ratio of 2.15 and a beta of 1.26.

Whitestone REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Monday, March 3rd. Whitestone REIT’s payout ratio 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.