StockNews.com Begins Coverage on Whitestone REIT (NYSE:WSR)

StockNews.com assumed coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a report published on Saturday. The brokerage issued a hold rating on the real estate investment trust's stock.

WSR has been the subject of several other research reports. Truist Financial upped their target price on Whitestone REIT from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. JMP Securities reissued a "market outperform" rating and set a $16.00 target price on shares of Whitestone REIT in a research report on Tuesday, December 10th.

Whitestone REIT Trading Up 3.0 %

WSR stock traded up $0.38 during midday trading on Friday, reaching $13.08. 332,126 shares of the company's stock traded hands, compared to its average volume of 283,998. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. Whitestone REIT has a fifty-two week low of $10.77 and a fifty-two week high of $15.36. The business has a 50-day moving average price of $13.81 and a two-hundred day moving average price of $13.97. The company has a market capitalization of $665.71 million, a P/E ratio of 31.90, a PEG ratio of 2.13 and a beta of 0.89.

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Whitestone REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 4.13%. Whitestone REIT's dividend payout ratio (DPR) is presently 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.