StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the real estate investment trust's stock.
Other equities analysts have also issued reports about the company. JMP Securities reissued a "market outperform" rating and issued a $15.00 price objective on shares of Whitestone REIT in a report on Thursday, September 19th. Truist Financial increased their price target on Whitestone REIT from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $15.00.
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Whitestone REIT Stock Performance
Shares of WSR traded up $0.04 during midday trading on Thursday, hitting $14.88. 246,075 shares of the stock traded hands, compared to its average volume of 264,789. The business's 50 day moving average price is $14.06 and its two-hundred day moving average price is $13.53. The firm has a market capitalization of $753.67 million, a PE ratio of 36.29, a price-to-earnings-growth ratio of 2.45 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. Whitestone REIT has a 1-year low of $10.77 and a 1-year 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 given a $0.0413 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 3.33%. Whitestone REIT's dividend payout ratio (DPR) is 121.95%.
Insider Buying and Selling at Whitestone REIT
In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of Whitestone REIT stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the transaction, the director now owns 8,093 shares in the company, valued at approximately $105,128.07. This trade represents a 161.66 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is currently owned by corporate insiders.
Whitestone REIT Company Profile
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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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