StockNews.com Begins Coverage on Whitestone REIT (NYSE:WSR)

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

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

Whitestone REIT Stock Performance

Shares of WSR stock opened at $14.52 on Friday. Whitestone REIT has a 12 month low of $10.77 and a 12 month high of $15.36. The company’s fifty day simple moving average is $13.78 and its 200-day simple moving average is $13.96. The firm has a market cap of $738.74 million, a PE ratio of 35.40, a P/E/G 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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Monday, June 2nd. Whitestone REIT’s dividend payout ratio (DPR) is currently 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.