Whitestone REIT (NYSE:WSR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Whitestone REIT (NYSE:WSR)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.83 and traded as high as $13.38. Whitestone REIT shares last traded at $13.31, with a volume of 143,846 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of Whitestone REIT in a report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Whitestone REIT Stock Up 0.5 %

The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.57. The firm’s 50 day simple moving average is $13.32 and its 200-day simple moving average is $12.83. The stock has a market capitalization of $664.97 million, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.20 and a beta of 1.26.

Whitestone REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be paid a $0.0413 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.50 annualized dividend and a yield of 3.72%. Whitestone REIT’s payout ratio is currently 102.08%.

Insider Buying and Selling at Whitestone REIT

In other Whitestone REIT news, Director Julia Bruns Buthman purchased 5,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of $12.99 per share, for a total transaction of $64,950.00. Following the purchase, the director now owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.50% of the company’s stock.

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.