StockNews.com Begins Coverage on Whitestone REIT (NYSE:WSR)

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

Several other analysts have also recently commented on WSR. JMP Securities reissued a “market outperform” rating and issued a $15.00 price target on shares of Whitestone REIT in a report on Thursday, September 19th. Truist Financial raised their target price on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Whitestone REIT Trading Down 2.0 %

NYSE WSR opened at $14.20 on Friday. Whitestone REIT has a 52-week low of $9.18 and a 52-week high of $14.54. The firm has a 50-day moving average price of $13.47 and a 200 day moving average price of $13.01. The stock has a market capitalization of $710.85 million, a P/E ratio of 45.81, a P/E/G ratio of 2.39 and a beta of 1.26. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.57.

Whitestone REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be issued a $0.0413 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Tuesday, December 3rd. Whitestone REIT’s dividend payout ratio is currently 161.29%.

Insider Activity at Whitestone REIT

In other news, Director Julia Bruns Buthman bought 5,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $12.99 per share, with a total value of $64,950.00. Following the completion of the acquisition, the director now owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.50% of the stock is currently owned by company 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.