Whitestone REIT (NYSE:WSR) Stock Price Passes Above 200 Day Moving Average of $12.31

Shares of Whitestone REIT (NYSE:WSR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.31 and traded as high as $12.99. Whitestone REIT shares last traded at $12.98, with a volume of 412,817 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WSR shares. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price objective on shares of Whitestone REIT in a research note on Friday. Alliance Global Partners began coverage on Whitestone REIT in a research note on Monday, March 18th. They set a “buy” rating and a $15.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Whitestone REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.63.

Whitestone REIT Trading Up 2.5 %

The company has a debt-to-equity ratio of 1.51, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market cap of $664.97 million, a P/E ratio of 27.73, a PEG ratio of 2.10 and a beta of 1.24. The firm’s fifty day moving average price is $12.60 and its two-hundred day moving average price is $12.33.

Whitestone REIT (NYSE:WSR) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). The company had revenue of $37.16 million for the quarter, compared to analysts’ expectations of $38.00 million. Whitestone REIT had a net margin of 16.64% and a return on equity of 5.77%. During the same quarter last year, the business posted $0.24 EPS. As a group, equities research analysts forecast that Whitestone REIT will post 1.03 EPS for the current year.

Whitestone REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Wednesday, September 4th will be issued a $0.0413 dividend. This represents a $0.50 annualized dividend and a yield of 3.72%. The ex-dividend date is Wednesday, September 4th. Whitestone REIT’s dividend payout ratio (DPR) is currently 104.17%.

Whitestone REIT Company Profile

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.