Whitestone REIT (NYSE:WSR - Get Free Report) declared a dividend on Friday, April 25th, investing.com reports. Shareholders of record on Friday, May 2nd will be given a dividend of 0.045 per share by the real estate investment trust on Tuesday, May 13th. This represents a yield of 4.11%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 9.1% increase from Whitestone REIT's previous dividend of $0.04.
Whitestone REIT has increased its dividend payment by an average of 12.0% per year over the last three years. Whitestone REIT has a payout ratio of 50.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Whitestone REIT to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 51.4%.
Whitestone REIT Trading Up 0.7 %
Shares of WSR traded up $0.09 on Monday, reaching $13.22. 143,135 shares of the company's stock were exchanged, compared to its average volume of 281,607. Whitestone REIT has a 12 month low of $11.37 and a 12 month high of $15.36. The stock has a market capitalization of $672.83 million, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89. 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 business has a 50 day moving average price of $13.71 and a two-hundred day moving average price of $13.93.
Wall Street Analyst Weigh In
WSR has been the topic of a number of research analyst reports. Truist Financial raised their price target on Whitestone REIT from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. StockNews.com started coverage on shares of Whitestone REIT in a report on Monday, April 21st. They set a "hold" rating on the stock.
Read Our Latest Analysis on WSR
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.
Further Reading
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