Whitestone REIT (NYSE:WSR - Get Free Report) declared a monthly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Monday, June 2nd will be paid a dividend of 0.045 per share by the real estate investment trust on Thursday, June 12th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Monday, June 2nd.
Whitestone REIT has increased its dividend by an average of 12.0% per year over the last three years. Whitestone REIT has a payout ratio of 108.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Whitestone REIT to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 51.4%.
Whitestone REIT Stock Down 2.2 %
NYSE:WSR traded down $0.31 during trading hours on Tuesday, reaching $13.94. 110,507 shares of the company traded hands, compared to its average volume of 266,760. Whitestone REIT has a 1 year low of $10.77 and a 1 year high of $15.36. The stock has a market capitalization of $706.01 million, a P/E ratio of 34.03, a P/E/G ratio of 2.13 and a beta of 1.29. The business's 50-day moving average price is $13.57 and its two-hundred day moving average price is $13.83. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49.
Analysts Set New Price Targets
WSR has been the topic of several recent analyst reports. JMP Securities reissued a "market outperform" rating and set a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. Truist Financial increased 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 Friday, November 29th. Finally, StockNews.com assumed coverage on Whitestone REIT in a research report on Tuesday, March 4th. They issued a "hold" rating on the stock.
Get Our Latest Stock Analysis on WSR
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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