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.
Read Our Latest Analysis on WSR
Whitestone REIT Company Profile
(
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.
See Also
Before you consider Whitestone REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Whitestone REIT wasn't on the list.
While Whitestone REIT currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.