Truist Financial Raises Whitestone REIT (NYSE:WSR) Price Target to $16.00

Whitestone REIT (NYSE:WSR - Free Report) had its target price upped by Truist Financial from $15.00 to $16.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust's stock.

WSR has been the topic of a number of other reports. StockNews.com started coverage on shares of Whitestone REIT in a research note on Thursday. They set a "hold" rating on the stock. 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.33.

Whitestone REIT Stock Performance

WSR traded down $0.16 during midday trading on Friday, reaching $14.72. The company had a trading volume of 127,231 shares, compared to its average volume of 240,284. The stock has a market cap of $745.57 million, a PE ratio of 35.94, a P/E/G ratio of 2.46 and a beta of 1.26. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. The business has a 50-day moving average price of $14.12 and a two-hundred day moving average price of $13.56. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.01.

Whitestone REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be paid a $0.0413 dividend. This represents a $0.50 annualized dividend and a yield of 3.36%. The ex-dividend date is Tuesday, December 3rd. Whitestone REIT's dividend payout ratio is presently 121.95%.

Insiders Place Their Bets

In other news, Director Julia Bruns Buthman bought 5,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were acquired at an average cost of $12.99 per share, for a total transaction of $64,950.00. Following the purchase, the director now directly owns 8,093 shares of the company's stock, valued at $105,128.07. This trade represents a 161.66 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.50% of the company's stock.

About Whitestone REIT

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.