Whitestone REIT (NYSE:WSR) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Whitestone REIT (NYSE:WSR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.77 and traded as high as $19.04. Whitestone REIT shares last traded at $19.0150, with a volume of 457,244 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Colliers Securities set a $19.00 price target on shares of Whitestone REIT in a research note on Friday, April 10th. B. Riley Financial lowered shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Maxim Group restated a “hold” rating on shares of Whitestone REIT in a research note on Monday, March 2nd. Citigroup lowered shares of Whitestone REIT from a “market outperform” rating to a “market perform” rating in a research note on Friday, April 10th. Finally, Citizens Jmp lowered shares of Whitestone REIT from a “market outperform” rating to a “hold” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Whitestone REIT Price Performance

The firm has a market capitalization of $978.72 million, a PE ratio of 19.84 and a beta of 0.78. The business has a 50-day moving average of $18.46 and a 200 day moving average of $15.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39.

Whitestone REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Wednesday, June 17th will be given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, June 17th. Whitestone REIT’s dividend payout ratio is presently 59.38%.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.