Whitestone REIT (NYSE:WSR) Shares Pass Above 200 Day Moving Average of $12.68

Whitestone REIT (NYSE:WSR) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.68 and traded as high as $13.47. Whitestone REIT shares last traded at $13.42, with a volume of 564,200 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WSR shares. Truist Financial boosted their target price on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. JMP Securities restated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a report on Friday, June 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Whitestone REIT has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Whitestone REIT Stock Performance

The company has a market cap of $670.46 million, a P/E ratio of 27.96, a P/E/G ratio of 2.17 and a beta of 1.27. The business has a fifty day moving average of $13.46 and a 200 day moving average of $12.68. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.57.

Whitestone REIT Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, July 11th. Investors of record on Monday, July 8th were paid a $0.0413 dividend. This is an increase from Whitestone REIT’s previous dividend of $0.04. This represents a yield of 3.75%. The ex-dividend date of this dividend was Friday, July 5th. Whitestone REIT’s dividend payout ratio is presently 102.08%.

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.