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

StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR) in a report issued on Tuesday. The firm issued a hold rating on the real estate investment trust’s stock.

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

Whitestone REIT Stock Performance

Whitestone REIT stock opened at $14.63 on Tuesday. Whitestone REIT has a fifty-two week low of $10.27 and a fifty-two week high of $14.78. The stock’s 50 day simple moving average is $13.74 and its two-hundred day simple moving average is $13.34. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market cap of $740.70 million, a price-to-earnings ratio of 35.67, a PEG ratio of 2.38 and a beta of 1.26.

Whitestone REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be paid a $0.0413 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.38%. Whitestone REIT’s dividend payout ratio is currently 119.51%.

Insider Transactions at Whitestone REIT

In other news, Director Julia Bruns Buthman acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.50% of the stock is owned by insiders.

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.