Amy Shih-Hua Feng Purchases 875 Shares of Whitestone REIT (NYSE:WSR) Stock

Whitestone REIT (NYSE:WSR) Director Amy Shih-Hua Feng bought 875 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average cost of $14.32 per share, with a total value of $12,530.00. Following the completion of the purchase, the director now owns 54,225 shares in the company, valued at $776,502. This represents a 1.64 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Whitestone REIT Price Performance

NYSE WSR opened at $14.32 on Friday. The firm’s 50 day moving average is $13.67 and its 200-day moving average is $13.90. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $728.56 million, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36.

Whitestone REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.045 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.54 annualized dividend and a yield of 3.77%. Whitestone REIT’s dividend payout ratio (DPR) is presently 76.06%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. Truist Financial lifted their price target on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Finally, StockNews.com initiated coverage on Whitestone REIT in a research report on Thursday. They set a “hold” rating for the company.

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.