Whitestone REIT (NYSE:WSR) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Whitestone REIT (NYSE:WSR) in a research report sent to investors on Monday. The firm issued a hold rating on the real estate investment trust’s stock.

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

Whitestone REIT Trading Up 0.6 %

Whitestone REIT stock opened at $14.10 on Monday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market cap of $714.11 million, a PE ratio of 34.39, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26. The stock has a 50-day moving average of $14.39 and a two-hundred day moving average of $13.79. Whitestone REIT has a one year low of $10.77 and a one year high of $15.36.

Whitestone REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, March 3rd will be given a $0.045 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.54 dividend on an annualized basis and a yield of 3.83%. Whitestone REIT’s dividend payout ratio is currently 131.71%.

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.