Whitestone REIT’s (WSR) Neutral Rating Reaffirmed at B. Riley

B. Riley restated their neutral rating on shares of Whitestone REIT (NYSE:WSRFree Report) in a report released on Friday, PriceTargets.com reports.

Several other research analysts also recently commented on the stock. JMP Securities raised their price target on shares of Whitestone REIT from $13.00 to $15.00 and gave the company a market outperform rating in a report on Tuesday, January 30th. Truist Financial raised shares of Whitestone REIT from a hold rating to a buy rating and lifted their price objective for the stock from $11.00 to $13.50 in a report on Tuesday, January 16th. Finally, StockNews.com downgraded shares of Whitestone REIT from a buy rating to a hold rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Whitestone REIT presently has an average rating of Moderate Buy and an average target price of $13.13.

Read Our Latest Stock Analysis on WSR

Whitestone REIT Stock Down 0.2 %

WSR opened at $12.97 on Friday. The company has a 50 day moving average of $12.13 and a 200 day moving average of $10.78. The company has a market cap of $643.18 million, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. Whitestone REIT has a 12 month low of $8.21 and a 12 month high of $13.12. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.46.

Whitestone REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Monday, March 4th will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Friday, March 1st. Whitestone REIT’s dividend payout ratio is currently 64.00%.

About Whitestone REIT

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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.

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