StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a report released on Sunday morning. The brokerage issued a hold rating on the real estate investment trust's stock.
Separately, Truist Financial lifted their price target on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, March 18th.
Check Out Our Latest Analysis on WSR
Whitestone REIT Trading Up 0.8 %
Shares of WSR traded up $0.11 during mid-day trading on Friday, hitting $13.28. The company had a trading volume of 31,212 shares, compared to its average volume of 281,452. Whitestone REIT has a 1-year low of $10.79 and a 1-year high of $15.36. 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 business's 50-day simple moving average is $13.77 and its 200-day simple moving average is $13.95. The stock has a market cap of $675.89 million, a PE ratio of 32.40, a P/E/G ratio of 2.13 and a beta of 0.89.
Whitestone REIT Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Monday, June 2nd. Whitestone REIT's payout ratio is currently 76.06%.
About Whitestone REIT
(
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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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