Whitestone REIT (NYSE:WSR) Share Price Crosses Above Two Hundred Day Moving Average of $12.31

Shares of Whitestone REIT (NYSE:WSR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.31 and traded as high as $12.99. Whitestone REIT shares last traded at $12.98, with a volume of 412,817 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WSR shares. Alliance Global Partners assumed coverage on Whitestone REIT in a report on Monday, March 18th. They set a “buy” rating and a $15.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a research report on Wednesday, April 10th. Two research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.63.

Whitestone REIT Stock Performance

The firm has a market capitalization of $648.23 million, a price-to-earnings ratio of 27.03, a P/E/G ratio of 2.12 and a beta of 1.24. The company has a 50-day moving average price of $12.56 and a 200-day moving average price of $12.31. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.51.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Whitestone REIT had a return on equity of 5.77% and a net margin of 16.64%. The business had revenue of $37.16 million for the quarter, compared to analyst estimates of $38.00 million. During the same quarter last year, the firm posted $0.24 EPS. As a group, equities research analysts forecast that Whitestone REIT will post 1.03 earnings per share for the current year.

Whitestone REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, September 4th will be paid a $0.0413 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Wednesday, September 4th. Whitestone REIT’s dividend payout ratio is currently 104.17%.

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.