Whitestone REIT (NYSE:WSR) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the real estate investment trust’s stock.

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

Whitestone REIT Trading Down 0.2 %

Shares of WSR stock opened at $14.63 on Tuesday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The firm has a market cap of $740.70 million, a P/E ratio of 35.67, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26. The business has a 50-day moving average price of $13.74 and a two-hundred day moving average price of $13.34. Whitestone REIT has a 12-month low of $10.27 and a 12-month high of $14.78.

Whitestone REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be paid a $0.0413 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, December 3rd. Whitestone REIT’s payout ratio is 119.51%.

Insider Buying and Selling at Whitestone REIT

In other news, Director Julia Bruns Buthman acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the completion of the transaction, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.