Whitestone REIT (NYSE:WSR) Earns Hold Rating from Analysts at StockNews.com

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

Other analysts have also issued research reports about the company. Truist Financial boosted their price target on Whitestone REIT from $15.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 29th. JMP Securities reissued a "market outperform" rating and issued a $16.00 target price on shares of Whitestone REIT in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.67.

Whitestone REIT Stock Performance

WSR stock traded up $0.21 during midday trading on Friday, reaching $14.64. 417,849 shares of the company's stock traded hands, compared to its average volume of 191,371. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a 52-week low of $10.77 and a 52-week high of $15.01. The stock has a market cap of $741.52 million, a P/E ratio of 35.71, a PEG ratio of 2.46 and a beta of 1.26. The stock's 50-day moving average is $14.33 and its 200 day moving average is $13.69.

Whitestone REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be paid a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, March 3rd. Whitestone REIT's dividend payout ratio (DPR) is 121.95%.

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.