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 report released on Wednesday morning. The firm issued a hold rating on the real estate investment trust’s stock.

A number of other research firms have also issued reports on WSR. Truist Financial increased their price target on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.67.

Whitestone REIT Stock Performance

Shares of WSR stock opened at $13.40 on Wednesday. Whitestone REIT has a 52 week low of $10.77 and a 52 week high of $15.36. The firm has a 50 day moving average of $14.26 and a two-hundred day moving average of $13.83. 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 market capitalization of $678.46 million, a PE ratio of 32.67, a P/E/G ratio of 2.11 and a beta of 1.27.

Whitestone REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, March 3rd will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Monday, March 3rd. Whitestone REIT’s dividend payout ratio (DPR) is 131.71%.

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.