Whitestone REIT (NYSE:WSR – Get Free Report) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 301,700 shares, a drop of 28.6% from the February 13th total of 422,600 shares. Based on an average daily volume of 223,200 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on WSR. StockNews.com began coverage on Whitestone REIT in a report on Wednesday. They set a “hold” rating for the company. Truist Financial lifted their price target on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th.
Check Out Our Latest Research Report on Whitestone REIT
Whitestone REIT Price Performance
Whitestone REIT Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be issued a $0.045 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.54 annualized dividend and a yield of 3.73%. Whitestone REIT’s dividend payout ratio is presently 76.06%.
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.
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