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

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

Separately, Truist Financial raised their price objective on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, March 18th.

Whitestone REIT Price Performance

Shares of NYSE:WSR opened at $13.12 on Friday. Whitestone REIT has a one year low of $10.79 and a one year high of $15.36. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market cap of $667.74 million, a price-to-earnings ratio of 32.00, a PEG ratio of 2.13 and a beta of 0.89. The firm has a 50 day simple moving average of $13.77 and a 200 day simple moving average of $13.95.

Whitestone REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be given a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 4.12%. The ex-dividend date is Monday, June 2nd. Whitestone REIT’s dividend payout ratio (DPR) is currently 76.06%.

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.