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

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

Separately, 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 Tuesday, March 18th.

Whitestone REIT Stock Up 0.2 %

Shares of NYSE WSR opened at $13.12 on Friday. The company’s 50 day moving average price is $13.77 and its 200-day moving average price is $13.95. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. Whitestone REIT has a 52-week low of $10.79 and a 52-week high of $15.36. The company has a market capitalization of $667.74 million, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89.

Whitestone REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, June 2nd will be paid a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Monday, June 2nd. Whitestone REIT’s dividend payout ratio is presently 76.06%.

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.