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

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

Other analysts have also issued reports about the stock. Truist Financial lifted their price target on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. JMP Securities restated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Whitestone REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.33.

Whitestone REIT Price Performance

NYSE WSR opened at $14.32 on Friday. Whitestone REIT has a one year low of $10.77 and a one year high of $15.01. The stock has a 50-day moving average of $14.23 and a 200 day moving average of $13.64. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market capitalization of $725.31 million, a price-to-earnings ratio of 34.93, a PEG ratio of 2.41 and a beta of 1.26.

Whitestone REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be paid 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 3.77%. Whitestone REIT’s dividend 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.