Whitestone REIT (NYSE:WSR) Given Average Recommendation of “Hold” by Brokerages

Shares of Whitestone REIT (NYSE:WSR) have been given an average rating of “Hold” by the ten analysts that are presently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $17.50.

A number of research firms have recently commented on WSR. Maxim Group reiterated a “hold” rating on shares of Whitestone REIT in a report on Monday, March 2nd. Citigroup cut Whitestone REIT from a “market outperform” rating to a “market perform” rating in a research note on Friday, April 10th. Citizens Jmp downgraded shares of Whitestone REIT from a “market outperform” rating to a “hold” rating in a report on Friday, April 10th. LADENBURG THALM/SH SH lowered shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Colliers Securities set a $19.00 price target on shares of Whitestone REIT in a report on Friday, April 10th.

Whitestone REIT Stock Up 0.1%

NYSE:WSR opened at $19.07 on Friday. Whitestone REIT has a 1 year low of $11.43 and a 1 year high of $19.10. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39. The stock has a market cap of $979.75 million, a price-to-earnings ratio of 19.86 and a beta of 0.78. The stock has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $16.01.

Whitestone REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Wednesday, June 17th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, June 17th. Whitestone REIT’s payout ratio is currently 59.38%.

About Whitestone REIT

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.