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

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

WSR has been the topic of a number of other research reports. JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a research report on Tuesday, December 10th. Truist Financial increased their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th.

Whitestone REIT Trading Down 1.3 %

Shares of Whitestone REIT stock opened at $14.32 on Thursday. 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 firm has a 50-day moving average of $13.67 and a 200-day moving average of $13.90. Whitestone REIT has a 52-week low of $10.77 and a 52-week high of $15.36. The stock has a market cap of $728.56 million, a PE ratio of 34.92, a PEG ratio of 2.13 and a beta of 1.29.

Whitestone REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.045 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 3.77%. Whitestone REIT’s payout ratio is 76.06%.

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.