StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a report issued on Friday morning. The brokerage issued a hold rating on the real estate investment trust's stock.
Several other research analysts also recently commented on WSR. Truist Financial raised their price target 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. JMP Securities restated a "market outperform" rating and issued a $15.00 target price on shares of Whitestone REIT in a research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $15.33.
Read Our Latest Report on WSR
Whitestone REIT Price Performance
WSR stock traded down $0.24 during mid-day trading on Friday, reaching $14.32. 166,201 shares of the company traded hands, compared to its average volume of 314,094. Whitestone REIT has a 52-week low of $10.77 and a 52-week high of $15.01. The company has a market capitalization of $725.31 million, a P/E ratio of 35.34, a P/E/G ratio of 2.42 and a beta of 1.26. 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 fifty day moving average price of $14.21 and a 200-day moving average price of $13.61.
Whitestone REIT Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, March 3rd. Whitestone REIT's dividend payout ratio is currently 121.95%.
About Whitestone REIT
(
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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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