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 published on Friday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on WSR. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. Truist Financial raised their target price on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th.

Whitestone REIT Stock Performance

NYSE WSR opened at $14.52 on Friday. The firm has a market cap of $738.74 million, a price-to-earnings ratio of 35.40, a PEG ratio of 2.13 and a beta of 1.29. 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 has a 1-year low of $10.77 and a 1-year high of $15.36. The company has a 50 day moving average of $13.78 and a 200-day moving average of $13.94.

Whitestone REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, June 2nd will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Monday, June 2nd. Whitestone REIT’s dividend payout ratio is currently 76.06%.

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.