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

StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the real estate investment trust's stock.

Several other research analysts also recently commented on WSR. JMP Securities reissued a "market outperform" rating and issued a $16.00 price objective on shares of Whitestone REIT in a research note on Tuesday, December 10th. Truist Financial raised their price target on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $15.67.

Whitestone REIT Price Performance

Shares of Whitestone REIT stock traded up $0.11 during trading hours on Thursday, reaching $13.47. The stock had a trading volume of 132,187 shares, compared to its average volume of 185,735. The firm has a market capitalization of $682.00 million, a PE ratio of 32.84, a PEG ratio of 2.16 and a beta of 1.27. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The stock's 50 day moving average is $14.18 and its 200 day moving average is $13.84.

Whitestone REIT (NYSE:WSR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.10). The company had revenue of $38.63 million during the quarter, compared to analysts' expectations of $38.45 million. Whitestone REIT had a return on equity of 4.98% and a net margin of 13.97%. During the same period in the previous year, the firm posted $0.23 EPS. Equities analysts expect that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

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 issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.01%. 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.