Whitestone REIT (NYSE:WSR – Get Free Report) declared a monthly dividend on Friday, September 6th, Wall Street Journal reports. Investors of record on Tuesday, December 3rd will be given a dividend of 0.0413 per share by the real estate investment trust on Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Tuesday, December 3rd.
Whitestone REIT has raised its dividend payment by an average of 10.1% annually over the last three years. Whitestone REIT has a dividend payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Whitestone REIT to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 44.6%.
Whitestone REIT Stock Down 0.2 %
Shares of Whitestone REIT stock traded down $0.03 during trading on Friday, reaching $13.07. 105,712 shares of the company traded hands, compared to its average volume of 331,140. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.93 and a quick ratio of 1.93. Whitestone REIT has a 1-year low of $9.07 and a 1-year high of $14.48. The company has a 50 day moving average price of $13.47 and a 200-day moving average price of $12.69. The firm has a market capitalization of $654.28 million, a PE ratio of 27.29, a P/E/G ratio of 2.11 and a beta of 1.27.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on WSR
Insider Transactions at Whitestone REIT
In other news, Director Julia Bruns Buthman bought 5,000 shares of Whitestone REIT stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the purchase, the director now directly owns 8,093 shares in the company, valued at approximately $105,128.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.50% of the company’s stock.
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.
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