Whitestone REIT (NYSE:WSR - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $15.02 and last traded at $14.95, with a volume of 203795 shares trading hands. The stock had previously closed at $14.64.
Analyst Ratings Changes
WSR has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Whitestone REIT from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 29th. StockNews.com initiated coverage on Whitestone REIT in a research note on Saturday. They set a "hold" rating for the company. Finally, JMP Securities restated a "market outperform" rating and set a $16.00 price objective on shares of Whitestone REIT in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.67.
Get Our Latest Analysis on Whitestone REIT
Whitestone REIT Trading Up 3.8 %
The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. The business has a fifty day simple moving average of $14.37 and a 200 day simple moving average of $13.72. The company has a market cap of $769.31 million, a P/E ratio of 37.05, a P/E/G ratio of 2.46 and a beta of 1.26.
Whitestone REIT Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Monday, March 3rd. Whitestone REIT's dividend payout ratio is presently 131.71%.
About Whitestone REIT
(
Get Free Report)
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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