Whitestone REIT (NYSE:WSR - Get Free Report) shares shot up 3.7% during mid-day trading on Tuesday . The stock traded as high as $14.38 and last traded at $14.09. 90,134 shares changed hands during trading, a decline of 66% from the average session volume of 265,920 shares. The stock had previously closed at $13.58.
Analysts Set New Price Targets
Several research firms recently issued reports on WSR. StockNews.com began coverage on Whitestone REIT in a research report on Tuesday. They set a "hold" rating on the stock. 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 Friday, November 29th. Finally, JMP Securities restated a "market outperform" rating and set a $16.00 price target on shares of Whitestone REIT in a research report on Tuesday, December 10th.
View Our Latest Analysis on WSR
Whitestone REIT Trading Up 3.7 %
The stock has a market capitalization of $720.90 million, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The stock has a 50-day moving average price of $13.57 and a two-hundred day moving average price of $13.83. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17.
Whitestone REIT Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, April 1st will be given a $0.045 dividend. This is a positive change from Whitestone REIT's previous monthly dividend of $0.04. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Tuesday, April 1st. Whitestone REIT's dividend payout ratio (DPR) is currently 76.06%.
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.
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