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

StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR) in a research note published on Sunday. The brokerage issued a hold rating on the real estate investment trust’s stock.

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

Whitestone REIT Stock Performance

Whitestone REIT stock opened at $13.57 on Friday. 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 company has a market capitalization of $687.07 million, a PE ratio of 33.09, a P/E/G ratio of 2.15 and a beta of 1.26. The company has a 50 day moving average price of $13.82 and a 200-day moving average price of $13.80. Whitestone REIT has a fifty-two week low of $10.77 and a fifty-two week high of $15.36.

Whitestone REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be paid a $0.045 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.54 annualized dividend and a yield of 3.98%. Whitestone REIT’s dividend payout ratio (DPR) is presently 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.