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 research report report published on Wednesday morning. The brokerage issued a hold rating on the real estate investment trust's stock.

WSR has been the subject of a number of other reports. JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of Whitestone REIT in a research report on Tuesday, December 10th. Truist Financial increased their price objective 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.67.

Whitestone REIT Price Performance

Shares of WSR traded up $0.02 during trading hours on Wednesday, hitting $13.34. 174,200 shares of the stock were exchanged, compared to its average volume of 192,667. The stock's 50-day moving average price is $14.32 and its two-hundred day moving average price is $13.83. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36. 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 company has a market cap of $675.62 million, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27.

Whitestone REIT Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.54 annualized dividend and a dividend yield of 4.05%. Whitestone REIT's dividend payout ratio (DPR) is 131.71%.

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.