Free Trial

Whitestone REIT (NYSE:WSR) Sees Significant Decline in Short Interest

Whitestone REIT logo with Finance background
Remove Ads

Whitestone REIT (NYSE:WSR - Get Free Report) was the target of a large drop in short interest during the month of 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 volume of 223,200 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WSR. StockNews.com began coverage on Whitestone REIT in a report on Wednesday. They set a "hold" rating for the company. Truist Financial lifted their price target on Whitestone REIT from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 29th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th.

Check Out Our Latest Research Report on Whitestone REIT

Whitestone REIT Price Performance

NYSE WSR traded up $0.16 during midday trading on Friday, hitting $14.46. The company had a trading volume of 240,765 shares, compared to its average volume of 266,402. The company has a market capitalization of $732.49 million, a PE ratio of 35.28, a P/E/G ratio of 2.13 and a beta of 1.29. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The firm has a 50-day moving average price of $13.59 and a 200-day moving average price of $13.86. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36.

Whitestone REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be issued a $0.045 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.54 annualized dividend and a yield of 3.73%. Whitestone REIT's dividend payout ratio is presently 76.06%.

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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Remove Ads

Should You Invest $1,000 in Whitestone REIT Right Now?

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

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

7 Flying Car Stocks to Buy Before the Sector Really Takes Off
Institutions Are Dumping These 3 Stocks—Should You?
Will Tesla’s Robot Future Save Its Falling Stock?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads