Whitestone REIT (NYSE:WSR) Coverage Initiated by Analysts at StockNews.com

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

A number of other equities analysts have also weighed in on WSR. Truist Financial upped their target price on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.

Whitestone REIT Stock Up 0.9 %

WSR stock opened at $14.15 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. Whitestone REIT has a fifty-two week low of $10.77 and a fifty-two week high of $15.36. The stock’s 50 day simple moving average is $14.41 and its 200 day simple moving average is $13.77. The company has a market cap of $716.64 million, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26.

Whitestone REIT Announces Dividend

The business also recently announced 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. 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 3.82%. Whitestone REIT’s dividend payout ratio is presently 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.