Whitestone REIT (NYSE:WSR - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as $14.53 and last traded at $14.48, with a volume of 46335 shares changing hands. The stock had previously closed at $14.39.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Truist Financial boosted their price objective on Whitestone REIT from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. JMP Securities restated a "market outperform" rating and set a $15.00 price target on shares of Whitestone REIT in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Whitestone REIT currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.
Read Our Latest Report on WSR
Whitestone REIT Trading Up 0.7 %
The stock has a market capitalization of $723.92 million, a PE ratio of 30.19, a P/E/G ratio of 2.32 and a beta of 1.26. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.57. The firm has a 50 day moving average price of $13.45 and a 200 day moving average price of $12.97.
Whitestone REIT Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.0413 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, December 3rd. Whitestone REIT's dividend payout ratio is 102.08%.
Insider Activity
In other news, Director Julia Bruns Buthman bought 5,000 shares of the company's stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now directly owns 8,093 shares in the company, valued at $105,128.07. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.50% of the stock is currently owned by corporate insiders.
About Whitestone REIT
(
Get Free Report)
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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