Whitestone REIT (NYSE:WSR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR) in a research note released on Saturday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently weighed in on WSR. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a research note on Tuesday, December 10th. Truist Financial upped their price objective on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 29th.

Whitestone REIT Price Performance

WSR opened at $13.48 on Friday. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The business’s fifty day simple moving average is $13.88 and its 200-day simple moving average is $13.81. The company has a market capitalization of $682.51 million, a price-to-earnings ratio of 32.87, a PEG ratio of 2.15 and a beta of 1.26.

Whitestone REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be paid a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, March 3rd. Whitestone REIT’s payout ratio is 131.71%.

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.