Whitestone REIT (NYSE:WSR) Shares Pass Above 200 Day Moving Average of $9.48

Shares of Whitestone REIT (NYSE:WSR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.48 and traded as high as $10.30. Whitestone REIT shares last traded at $10.18, with a volume of 237,821 shares traded.

Separately, Zacks Investment Research upgraded Whitestone REIT from a “sell” rating to a “hold” rating in a report on Wednesday, December 29th.

The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $499.97 million, a price-to-earnings ratio of 36.36 and a beta of 1.32. The company has a fifty day moving average price of $9.79 and a two-hundred day moving average price of $9.48.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Tuesday, October 26th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.15). Whitestone REIT had a net margin of 10.29% and a return on equity of 2.98%. During the same period last year, the business posted $0.23 earnings per share. On average, research analysts expect that Whitestone REIT will post 0.87 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 11th. Stockholders of record on Wednesday, March 2nd will be issued a $0.0358 dividend. The ex-dividend date of this dividend is Tuesday, March 1st. This represents a $0.43 annualized dividend and a dividend yield of 4.22%. Whitestone REIT’s dividend payout ratio (DPR) is 153.57%.

About Whitestone REIT (NYSE:WSR)

Whitestone REIT engages in the operation of commercial properties in culturally diverse markets of major metropolitan areas. The company was founded on August 20, 1998 and is headquartered in Houston, TX.

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