Whitestone REIT (NYSE:WSR) Stock Price Crosses Above Two Hundred Day Moving Average of $12.61

Whitestone REIT (NYSE:WSR)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.61 and traded as high as $13.43. Whitestone REIT shares last traded at $13.06, with a volume of 193,997 shares traded.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market outperform” rating and set a $15.00 price objective on shares of Whitestone REIT in a research report on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Whitestone REIT presently has an average rating of “Moderate Buy” and an average target price of $14.50.

Whitestone REIT Trading Up 0.2 %

The firm has a market capitalization of $657.29 million, a PE ratio of 27.35, a P/E/G ratio of 2.16 and a beta of 1.27. The firm has a 50 day simple moving average of $13.43 and a 200 day simple moving average of $12.62. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.57.

Whitestone REIT Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, July 11th. Investors of record on Monday, July 8th were given a dividend of $0.0413 per share. The ex-dividend date was Friday, July 5th. This is a boost from Whitestone REIT’s previous dividend of $0.04. This represents a dividend yield of 3.75%. Whitestone REIT’s dividend payout ratio (DPR) is 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.