Whitestone REIT (NYSE:WSR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR) in a research note issued to investors on Tuesday. 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. 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 note on Friday, November 29th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.

Whitestone REIT Trading Down 0.9 %

Shares of WSR stock opened at $13.55 on Tuesday. The company has a market capitalization of $686.25 million, a P/E ratio of 33.05, a P/E/G ratio of 2.46 and a beta of 1.27. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The firm has a 50-day moving average price of $14.36 and a 200 day moving average price of $13.82.

Whitestone REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, March 3rd will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Monday, March 3rd. 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.