Whitestone REIT (NYSE:WSR) Stock Price Crosses Above 200-Day Moving Average of $12.68

Whitestone REIT (NYSE:WSR)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.68 and traded as high as $13.47. Whitestone REIT shares last traded at $13.42, with a volume of 564,200 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on WSR. Truist Financial increased 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 reaffirmed a “market outperform” rating and set a $15.00 price objective on shares of Whitestone REIT in a report on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Whitestone REIT Price Performance

The business has a 50 day simple moving average of $13.46 and a two-hundred day simple moving average of $12.69. The firm has a market capitalization of $660.47 million, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.27. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.93 and a current ratio of 1.93.

Whitestone REIT Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 11th. Investors of record on Monday, July 8th were paid a $0.0413 dividend. This is an increase from Whitestone REIT’s previous dividend of $0.04. This represents a yield of 3.75%. The ex-dividend date of this dividend was Friday, July 5th. Whitestone REIT’s dividend payout ratio (DPR) is currently 102.08%.

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.