Whitestone REIT (NYSE:WSR) Director Buys $12,530.00 in Stock

Whitestone REIT (NYSE:WSR) Director Amy Shih-Hua Feng acquired 875 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was purchased at an average cost of $14.32 per share, for a total transaction of $12,530.00. Following the completion of the transaction, the director now owns 54,225 shares in the company, valued at approximately $776,502. The trade was a 1.64 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Whitestone REIT Price Performance

Shares of NYSE WSR traded down $0.26 during midday trading on Friday, hitting $14.25. The company had a trading volume of 88,278 shares, compared to its average volume of 265,981. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The business has a 50-day simple moving average of $13.65 and a two-hundred day simple moving average of $13.89. The firm has a market capitalization of $721.45 million, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29.

Whitestone REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, June 2nd will be paid a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Monday, June 2nd. Whitestone REIT’s dividend payout ratio (DPR) is 76.06%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WSR. StockNews.com began coverage on shares of Whitestone REIT in a research report on Thursday. They issued a “hold” rating on the stock. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. Finally, Truist Financial raised their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday.

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.