Whitestone REIT (NYSE:WSR) Earns Hold Rating from Analysts at StockNews.com

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

Several other brokerages have also issued reports on WSR. JMP Securities reissued a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a report on Tuesday, December 10th. Truist Financial lifted 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Whitestone REIT currently has an average rating of “Moderate Buy” and a consensus target price of $15.67.

Whitestone REIT Stock Down 0.7 %

NYSE WSR opened at $13.39 on Thursday. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The stock has a market cap of $678.41 million, a PE ratio of 32.67, a PEG ratio of 2.12 and a beta of 1.27. The firm has a 50-day simple moving average of $14.16 and a 200 day simple moving average of $13.84. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). The firm had revenue of $38.63 million during the quarter, compared to the consensus estimate of $38.45 million. Whitestone REIT had a return on equity of 4.98% and a net margin of 13.97%. During the same quarter in the prior year, the business posted $0.23 EPS. On average, research analysts forecast that Whitestone REIT will post 0.99 EPS for the current year.

Whitestone REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be paid 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 yield of 4.03%. Whitestone REIT’s dividend payout ratio is currently 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.