Whitestone REIT (NYSE:WSR) Given New $16.00 Price Target at Truist Financial

Whitestone REIT (NYSE:WSR) had its price target increased by Truist Financial from $15.00 to $16.00 in a research report report published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on WSR. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a report on Thursday, September 19th. StockNews.com began coverage on shares of Whitestone REIT in a research note on Thursday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Whitestone REIT presently has a consensus rating of “Moderate Buy” and an average price target of $15.33.

Whitestone REIT Stock Down 1.1 %

Shares of NYSE:WSR opened at $14.72 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. Whitestone REIT has a 52-week low of $10.77 and a 52-week high of $15.01. The business’s 50 day simple moving average is $14.12 and its two-hundred day simple moving average is $13.57. The firm has a market cap of $745.57 million, a P/E ratio of 35.90, a PEG ratio of 2.43 and a beta of 1.26.

Whitestone REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.0413 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.50 annualized dividend and a yield of 3.36%. Whitestone REIT’s dividend payout ratio (DPR) is currently 121.95%.

Insider Activity at Whitestone REIT

In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of Whitestone REIT stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the purchase, the director now directly owns 8,093 shares of the company’s stock, valued at $105,128.07. This trade represents a 161.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.50% of the stock is currently owned by insiders.

About Whitestone REIT

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.