Whitestone REIT (NYSE:WSR) Coverage Initiated by Analysts at StockNews.com

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

WSR has been the topic of a number of other research reports. JMP Securities reiterated a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a research report on Tuesday, December 10th. Truist Financial increased their price objective on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.67.

Whitestone REIT Stock Performance

NYSE WSR opened at $14.17 on Monday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The stock has a 50-day moving average of $14.40 and a 200 day moving average of $13.80. The stock has a market capitalization of $717.65 million, a price-to-earnings ratio of 34.56, a PEG ratio of 2.46 and a beta of 1.26.

Whitestone REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, March 3rd will be paid a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 3.81%. The ex-dividend date is Monday, March 3rd. Whitestone REIT’s dividend payout ratio is currently 131.71%.

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.