Whitestone REIT (NYSE:WSR) Now Covered by StockNews.com

StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR) in a report published on Wednesday. The firm issued a hold rating on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on WSR. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a report on Tuesday, December 10th. Truist Financial lifted their price target on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 29th.

Whitestone REIT Stock Up 1.1 %

Shares of WSR opened at $14.46 on Wednesday. The firm has a market cap of $732.49 million, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The company’s fifty day moving average is $13.58 and its two-hundred day moving average is $13.85. Whitestone REIT has a fifty-two week low of $10.77 and a fifty-two week high of $15.36. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49.

Whitestone REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, June 2nd will be issued a dividend of $0.045 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.54 annualized dividend and a dividend yield of 3.73%. Whitestone REIT’s payout ratio 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.