Whitestone REIT (NYSE:WSR) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR) in a report released on Tuesday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Several other brokerages have also weighed in on WSR. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th. Truist Financial increased their target price on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 29th.

Whitestone REIT Stock Up 3.5 %

Shares of NYSE:WSR opened at $14.06 on Tuesday. The firm has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $13.82. The company has a market capitalization of $711.83 million, a PE ratio of 34.28, a P/E/G ratio of 2.13 and a beta of 1.26. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49.

Whitestone REIT Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Monday, March 3rd. This is a boost from Whitestone REIT’s previous monthly dividend of $0.04. Whitestone REIT’s dividend payout ratio is presently 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.