Amy Shih-Hua Feng Purchases 875 Shares of Whitestone REIT (NYSE:WSR) Stock

Whitestone REIT (NYSE:WSR - Get Free Report) Director Amy Shih-Hua Feng purchased 875 shares of Whitestone REIT stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of $14.32 per share, with a total value of $12,530.00. Following the transaction, the director now directly owns 54,225 shares of the company's stock, valued at $776,502. This represents a 1.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Whitestone REIT Stock Performance

Whitestone REIT stock traded down $0.28 during mid-day trading on Tuesday, reaching $14.30. 191,859 shares of the stock traded hands, compared to its average volume of 267,073. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36. The business's 50-day moving average is $13.72 and its 200-day moving average is $13.92. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market capitalization of $727.80 million, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29.

Whitestone REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, June 2nd will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Monday, June 2nd. Whitestone REIT's payout ratio is 76.06%.

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Analyst Ratings Changes

WSR has been the subject of several research analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th. StockNews.com began coverage on shares of Whitestone REIT in a research note on Thursday, March 20th. They issued a "hold" rating for the company. Finally, 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 research report on Tuesday, March 18th.

About Whitestone REIT

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.