Whitestone REIT (NYSE:WSR) Sees Large Decrease in Short Interest

Whitestone REIT (NYSE:WSR) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 301,700 shares, a drop of 28.6% from the February 13th total of 422,600 shares. Based on an average trading volume of 223,200 shares, the short-interest ratio is currently 1.4 days. Approximately 0.6% of the shares of the stock are sold short.

Whitestone REIT Price Performance

Shares of Whitestone REIT stock traded up $0.15 during trading on Tuesday, hitting $14.47. 106,779 shares of the company were exchanged, compared to its average volume of 265,851. The firm has a 50 day moving average price of $13.60 and a 200 day moving average price of $13.87. The stock has a market capitalization of $732.59 million, a price-to-earnings ratio of 35.28, 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 has a fifty-two week low of $10.77 and a fifty-two week high of $15.36.

Whitestone REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, June 2nd will be paid a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 3.73%. The ex-dividend date is Monday, June 2nd. Whitestone REIT’s payout ratio is 76.06%.

Wall Street Analysts Forecast Growth

WSR has been the topic of several research analyst reports. Truist Financial boosted their price target on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday. JMP Securities reiterated a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a research report on Tuesday, December 10th. Finally, StockNews.com initiated coverage on Whitestone REIT in a research note on Wednesday, March 12th. They set a “hold” rating for the company.

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.