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

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

Other equities analysts have also recently issued research reports about the stock. Truist Financial increased their price objective on shares of Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 price objective on shares of Whitestone REIT in a research note on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Whitestone REIT Trading Down 2.1 %

NYSE WSR opened at $14.25 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market capitalization of $721.76 million, a P/E ratio of 34.76, a PEG ratio of 2.41 and a beta of 1.26. The firm’s 50-day moving average is $13.79 and its two-hundred day moving average is $13.35. Whitestone REIT has a 12 month low of $10.77 and a 12 month high of $14.80.

Whitestone REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.0413 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 3.47%. Whitestone REIT’s dividend payout ratio (DPR) is presently 121.95%.

Insider Buying and Selling at Whitestone REIT

In related news, Director Julia Bruns Buthman purchased 5,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the acquisition, the director now directly owns 8,093 shares in the company, valued at $105,128.07. This trade represents a 161.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

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.