Short Interest in Whitestone REIT (NYSE:WSR) Drops By 28.6%

Whitestone REIT (NYSE:WSR - Get Free Report) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 301,700 shares, a decrease of 28.6% from the February 13th total of 422,600 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 223,200 shares, the days-to-cover ratio is currently 1.4 days.

Whitestone REIT Price Performance

Shares of WSR stock traded up $0.17 during trading hours on Tuesday, hitting $14.49. 289,542 shares of the company's stock were exchanged, compared to its average volume of 266,497. The stock's 50-day moving average is $13.61 and its 200-day moving average is $13.88. 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 cap of $733.86 million, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. Whitestone REIT has a 52 week low of $10.77 and a 52 week high of $15.36.

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 issued a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Monday, June 2nd. Whitestone REIT's payout ratio is presently 76.06%.

Analyst Ratings Changes

A number of research analysts recently commented on WSR shares. StockNews.com started coverage on Whitestone REIT in a research note on Wednesday, March 12th. They issued a "hold" rating for the company. JMP Securities reiterated a "market outperform" rating and set a $16.00 price objective on shares of Whitestone REIT in a research note on Tuesday, December 10th. Finally, Truist Financial increased their price objective on Whitestone REIT from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday.

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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.