Insider Buying: Whitestone REIT (NYSE:WSR) Director Purchases 5,000 Shares of Stock

Whitestone REIT (NYSE:WSR) 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, with a total value of $64,950.00. Following the purchase, the director now directly owns 8,093 shares in the company, valued at approximately $105,128.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Whitestone REIT Stock Performance

Shares of NYSE:WSR traded up $0.09 during mid-day trading on Thursday, reaching $13.10. The company had a trading volume of 216,950 shares, compared to its average volume of 332,437. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.57. The firm has a market cap of $654.48 million, a price-to-earnings ratio of 27.29, a PEG ratio of 2.17 and a beta of 1.27. The company’s 50-day moving average price is $13.47 and its 200-day moving average price is $12.69. Whitestone REIT has a one year low of $9.07 and a one year high of $14.48.

Whitestone REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.0413 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 3.78%. Whitestone REIT’s payout ratio is 102.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WSR shares. Truist Financial lifted their price target on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of Whitestone REIT in a report on Friday, June 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Whitestone REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

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.