Whitestone REIT (NYSE:WSR) Coverage Initiated by Analysts at StockNews.com

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

Other equities analysts also recently issued reports about the stock. Truist Financial increased their price objective on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. JMP Securities reiterated a "market outperform" rating and set a $16.00 target price on shares of Whitestone REIT in a report on Tuesday, December 10th.

Whitestone REIT Stock Up 0.5 %

Shares of NYSE WSR traded up $0.08 during midday trading on Friday, reaching $14.61. The company's stock had a trading volume of 241,188 shares, compared to its average volume of 282,161. Whitestone REIT has a fifty-two week low of $10.77 and a fifty-two week high of $15.42. The stock has a 50 day simple moving average of $13.80 and a 200-day simple moving average of $13.96. The stock has a market capitalization of $743.32 million, a price-to-earnings ratio of 35.62, a PEG ratio of 2.13 and a beta of 1.29. 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 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be paid a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Monday, June 2nd. Whitestone REIT's dividend payout ratio is currently 76.06%.

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.