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

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WSR shares. Truist Financial upped their price objective on Whitestone REIT from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Tuesday. StockNews.com assumed coverage on shares of Whitestone REIT in a research note on Wednesday, March 12th. They set a "hold" rating on the stock. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 price objective on shares of Whitestone REIT in a research note on Tuesday, December 10th.

Whitestone REIT Trading Up 0.8 %

NYSE:WSR traded up $0.12 during mid-day trading on Tuesday, reaching $14.44. The company's stock had a trading volume of 30,921 shares, compared to its average volume of 215,345. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The company's fifty day simple moving average is $13.60 and its two-hundred day simple moving average is $13.87. 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 $731.33 million, a P/E ratio of 35.22, a P/E/G ratio of 2.13 and a beta of 1.29.

Remove Ads

Whitestone REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, June 2nd will be given a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 3.74%. The ex-dividend date is Monday, June 2nd. Whitestone REIT's dividend payout ratio (DPR) is 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.