Whitestone REIT (NYSE:WSR) Sets New 1-Year High – Here’s What Happened

Shares of Whitestone REIT (NYSE:WSR) hit a new 52-week high during trading on Monday . The company traded as high as $19.10 and last traded at $19.0650, with a volume of 18892 shares traded. The stock had previously closed at $19.06.

Analyst Upgrades and Downgrades

WSR has been the subject of several recent research reports. B. Riley Financial cut shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Alliance Global Partners cut shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Truist Financial downgraded shares of Whitestone REIT from a “buy” rating to a “hold” rating and increased their price objective for the stock from $17.00 to $19.00 in a research note on Thursday, April 9th. Maxim Group reaffirmed a “hold” rating on shares of Whitestone REIT in a research report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Whitestone REIT in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.50.

Whitestone REIT Price Performance

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.39. The firm has a market cap of $979.75 million, a P/E ratio of 19.86 and a beta of 0.78. The business has a fifty day moving average of $18.46 and a 200 day moving average of $15.85.

Whitestone REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, June 17th. Whitestone REIT’s payout ratio is currently 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.