Whitestone REIT (NYSE:WSR) Reaches New 52-Week High – What’s Next?

Shares of Whitestone REIT (NYSE:WSR) hit a new 52-week high on Tuesday . The company traded as high as $14.75 and last traded at $14.69, with a volume of 8850 shares. The stock had previously closed at $14.66.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com started coverage on shares of Whitestone REIT in a research note on Tuesday. They issued a “hold” rating for the company. JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of Whitestone REIT in a research note on Thursday, September 19th. Finally, Truist Financial upped their price target on Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.00.

Whitestone REIT Price Performance

The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $741.46 million, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26. The company has a 50 day simple moving average of $13.71 and a 200 day simple moving average of $13.31.

Whitestone REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be given a $0.0413 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, December 3rd. Whitestone REIT’s payout ratio is 119.51%.

Insider Buying and Selling at Whitestone REIT

In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now directly owns 8,093 shares in the company, valued at approximately $105,128.07. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.