Whitestone REIT (NYSE:WSR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR) in a research note published on Monday. The brokerage issued a hold rating on the real estate investment trust’s stock.

WSR has been the topic of several other reports. Truist Financial upped their target price on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. JMP Securities restated a “market outperform” rating and issued a $16.00 price objective on shares of Whitestone REIT in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.

Whitestone REIT Stock Up 0.5 %

NYSE:WSR opened at $14.17 on Monday. The company’s 50 day moving average is $14.40 and its two-hundred day moving average is $13.80. The company has a market cap of $717.65 million, a PE ratio of 34.56, a P/E/G ratio of 2.46 and a beta of 1.26. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 3.81%. The ex-dividend date is Monday, March 3rd. Whitestone REIT’s dividend payout ratio is currently 131.71%.

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.