Whitestone REIT (NYSE:WSR) Short Interest Update

Whitestone REIT (NYSE:WSR - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 389,600 shares, an increase of 29.1% from the February 28th total of 301,700 shares. Based on an average trading volume of 229,700 shares, the short-interest ratio is presently 1.7 days. Approximately 0.8% of the company's shares are short sold.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WSR. Truist Financial increased their price target on Whitestone REIT from $15.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. StockNews.com began coverage on Whitestone REIT in a research note on Friday, March 28th. They issued a "hold" rating for the company. Finally, JMP Securities reiterated a "market outperform" rating and set a $16.00 target price on shares of Whitestone REIT in a report on Tuesday, December 10th.

Whitestone REIT Stock Down 2.8 %

WSR traded down $0.42 during trading hours on Thursday, reaching $14.21. 247,218 shares of the stock traded hands, compared to its average volume of 223,342. Whitestone REIT has a fifty-two week low of $10.77 and a fifty-two week high of $15.36. The company has a market cap of $722.96 million, a price-to-earnings ratio of 34.65, a PEG ratio of 2.13 and a beta of 1.29. 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 firm's fifty day simple moving average is $13.85 and its two-hundred day simple moving average is $13.98.

Remove Ads

Whitestone REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 12th. Stockholders 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 annualized dividend and a dividend yield of 3.80%. Whitestone REIT's dividend payout ratio is presently 76.06%.

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.