Whitestone REIT (NYSE:WSR) Earns Hold Rating from Analysts at StockNews.com

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

Several other brokerages also recently issued reports on WSR. Truist Financial increased their price objective on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price target 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Whitestone REIT Trading Up 2.6 %

NYSE:WSR opened at $13.96 on Monday. Whitestone REIT has a 12 month low of $10.22 and a 12 month high of $14.54. The business’s 50-day moving average is $13.61 and its two-hundred day moving average is $13.19. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $707.07 million, a PE ratio of 34.05, a price-to-earnings-growth ratio of 2.25 and a beta of 1.26.

Whitestone REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be issued a $0.0413 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.50 annualized dividend and a yield of 3.55%. Whitestone REIT’s dividend payout ratio is presently 121.95%.

Insider Buying and Selling at Whitestone REIT

In related news, Director Julia Bruns Buthman bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 5.50% of the stock is currently owned by insiders.

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.