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

StockNews.com assumed coverage on shares of Whitestone REIT (NYSE:WSR) in a report released on Thursday. The brokerage issued a hold rating on the real estate investment trust’s stock.

WSR has been the topic of several other research reports. Truist Financial increased their target price on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price objective on shares of Whitestone REIT in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.33.

Whitestone REIT Stock Down 1.1 %

Shares of WSR opened at $14.72 on Thursday. Whitestone REIT has a 1 year low of $10.77 and a 1 year high of $15.01. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a 50 day simple moving average of $14.12 and a two-hundred day simple moving average of $13.57. The firm has a market cap of $745.57 million, a P/E ratio of 35.90, a P/E/G ratio of 2.43 and a beta of 1.26.

Whitestone REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be paid a $0.0413 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Tuesday, December 3rd. Whitestone REIT’s payout ratio is 121.95%.

Insider Activity at Whitestone REIT

In other news, Director Julia Bruns Buthman acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the completion of the transaction, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. The trade was a 161.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is currently owned by company insiders.

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.