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

StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR) in a report released on Saturday. The firm issued a hold rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a research note on Tuesday, December 10th. Truist Financial lifted their price target on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.67.

Whitestone REIT Stock Up 3.8 %

Shares of WSR opened at $15.19 on Friday. Whitestone REIT has a 52-week low of $10.77 and a 52-week high of $15.19. 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 stock has a fifty day simple moving average of $14.37 and a two-hundred day simple moving average of $13.72. The company has a market capitalization of $769.31 million, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26.

Whitestone REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Monday, March 3rd. Whitestone REIT’s dividend payout ratio (DPR) is presently 131.71%.

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.