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

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

WSR has been the subject of a number of other research reports. JMP Securities restated a “market outperform” rating and issued a $16.00 target price on shares of Whitestone REIT in a report on Tuesday, December 10th. Truist Financial increased their price objective on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Whitestone REIT presently has an average rating of “Moderate Buy” and an average price target of $15.67.

Whitestone REIT Stock Up 0.1 %

NYSE WSR opened at $14.26 on Friday. Whitestone REIT has a 12 month low of $10.77 and a 12 month high of $15.36. The company has a market capitalization of $722.21 million, a P/E ratio of 34.78, a PEG ratio of 2.46 and a beta of 1.26. The company’s 50 day simple moving average is $14.42 and its 200 day simple moving average is $13.75. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17.

Whitestone REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, March 3rd will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.54 annualized dividend and a dividend yield of 3.79%. Whitestone REIT’s dividend payout ratio is 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.