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

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

Other research analysts also recently issued reports about the company. Truist Financial lifted their price target on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Whitestone REIT has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Whitestone REIT Stock Performance

Shares of WSR stock opened at $14.05 on Friday. The firm has a market cap of $703.34 million, a price-to-earnings ratio of 45.32, a PEG ratio of 2.34 and a beta of 1.26. Whitestone REIT has a 52-week low of $9.47 and a 52-week high of $14.54. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.57. The company’s 50 day moving average is $13.58 and its 200 day moving average is $13.12.

Whitestone REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.0413 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Tuesday, December 3rd. Whitestone REIT’s payout ratio is presently 161.29%.

Insider Transactions at Whitestone REIT

In other Whitestone REIT news, Director Julia Bruns Buthman purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the completion of the purchase, the director now owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. The trade was 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 the SEC website. Insiders own 5.50% of the company’s stock.

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.