StockNews.com Initiates Coverage on Whitestone REIT (NYSE:WSR)

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

A number of other brokerages also recently weighed in on WSR. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a research report on Tuesday, December 10th. Truist Financial lifted their price target on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.67.

Whitestone REIT Trading Down 0.9 %

NYSE:WSR opened at $13.55 on Tuesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a 1-year low of $10.77 and a 1-year high of $15.36. The firm has a market capitalization of $686.25 million, a price-to-earnings ratio of 33.05, a PEG ratio of 2.46 and a beta of 1.27. The business’s 50-day moving average price is $14.36 and its two-hundred day moving average price is $13.82.

Whitestone REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.045 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.54 annualized dividend and a yield of 3.99%. Whitestone REIT’s dividend payout ratio (DPR) is currently 131.71%.

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.