Truist Financial Raises Whitestone REIT (NYSE:WSR) Price Target to $16.00

Whitestone REIT (NYSE:WSR) had its price objective lifted by Truist Financial from $15.00 to $16.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on WSR. StockNews.com assumed coverage on Whitestone REIT in a report on Wednesday, March 12th. They issued a “hold” rating on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of Whitestone REIT in a report on Tuesday, December 10th.

Whitestone REIT Price Performance

Shares of Whitestone REIT stock opened at $14.49 on Tuesday. The stock’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $13.89. Whitestone REIT has a 52 week low of $10.77 and a 52 week high of $15.36. The company has a market capitalization of $733.71 million, a price-to-earnings ratio of 35.34, a PEG ratio of 2.13 and a beta of 1.29. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49.

Whitestone REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.73%. Whitestone REIT’s dividend payout ratio is 76.06%.

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.