Short Interest in Whitestone REIT (NYSE:WSR) Decreases By 20.2%

Whitestone REIT (NYSE:WSR) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 1,030,000 shares, a drop of 20.2% from the July 15th total of 1,290,000 shares. Based on an average daily trading volume, of 353,800 shares, the days-to-cover ratio is currently 2.9 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WSR shares. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price target on shares of Whitestone REIT in a report on Friday, June 28th. Truist Financial lifted their target price on Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Whitestone REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Whitestone REIT Price Performance

WSR traded down $0.13 during trading on Friday, reaching $13.26. 134,506 shares of the company were exchanged, compared to its average volume of 333,291. The company’s 50-day moving average is $13.43 and its two-hundred day moving average is $12.63. The company has a market cap of $663.80 million, a price-to-earnings ratio of 27.67, a P/E/G ratio of 2.14 and a beta of 1.27. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.57. Whitestone REIT has a 12-month low of $9.07 and a 12-month high of $14.48.

Whitestone REIT Increases Dividend

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