Whitestone REIT (NYSE:WSR) Research Coverage Started at StockNews.com

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

Several other equities research analysts have also issued reports on the company. Truist Financial lifted their price target on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 29th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.67.

Whitestone REIT Stock Performance

WSR stock opened at $13.39 on Thursday. The stock’s 50 day simple moving average is $14.16 and its 200 day simple moving average is $13.84. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36. The firm has a market cap of $678.41 million, a P/E ratio of 32.67, a P/E/G ratio of 2.12 and a beta of 1.27. 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 (NYSE:WSR) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. The company had revenue of $38.63 million for the quarter, compared to analyst estimates of $38.45 million. During the same period last year, the business earned $0.23 EPS. As a group, equities research analysts predict that Whitestone REIT will post 0.99 EPS for the current year.

Whitestone REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Monday, March 3rd. Whitestone REIT’s dividend payout ratio is 131.71%.

About Whitestone REIT

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.