StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR – Free Report) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the real estate investment trust’s stock.
Other research analysts have also recently issued reports about the stock. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a research note on Tuesday, December 10th. Truist Financial raised their price objective on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 29th.
Read Our Latest Research Report on Whitestone REIT
Whitestone REIT Trading Up 1.1 %
Whitestone REIT Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be paid a $0.045 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.54 annualized dividend and a yield of 3.73%. Whitestone REIT’s payout ratio is currently 76.06%.
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.
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