StockNews.com Initiates Coverage on Whitestone REIT (NYSE:WSR)

StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a report issued on Tuesday. The firm issued a hold rating on the real estate investment trust's stock.

Several other equities analysts have also issued reports on the company. Truist Financial lifted their price target on Whitestone REIT from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. JMP Securities reissued a "market outperform" rating and issued a $15.00 target price on shares of Whitestone REIT in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Whitestone REIT currently has an average rating of "Moderate Buy" and an average price target of $15.00.

Whitestone REIT Stock Down 0.2 %

Shares of WSR stock traded down $0.04 during mid-day trading on Tuesday, reaching $14.63. 304,751 shares of the company's stock traded hands, compared to its average volume of 322,385. Whitestone REIT has a 12 month low of $10.27 and a 12 month high of $14.78. The company has a market cap of $740.70 million, a P/E ratio of 35.93, a P/E/G ratio of 2.38 and a beta of 1.26. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The company's 50-day moving average price is $13.71 and its 200-day moving average price is $13.31.

Whitestone REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.0413 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.38%. Whitestone REIT's dividend payout ratio is currently 119.51%.

Insider Buying and Selling at Whitestone REIT

In related news, Director Julia Bruns Buthman acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $12.99 per share, for a total transaction of $64,950.00. Following the purchase, the director now owns 8,093 shares in the company, valued at $105,128.07. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.