Whitestone REIT (NYSE:WSR) Hits New 1-Year High – Here’s What Happened

Whitestone REIT (NYSE:WSR)’s stock price hit a new 52-week high on Monday . The stock traded as high as $14.88 and last traded at $14.78, with a volume of 20436 shares trading hands. The stock had previously closed at $14.73.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WSR. JMP Securities restated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a research note on Thursday, September 19th. StockNews.com began coverage on shares of Whitestone REIT in a report on Wednesday, November 20th. They issued a “hold” rating on the stock. Finally, Truist Financial lifted their price objective 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Whitestone REIT Price Performance

The firm has a fifty day moving average of $13.96 and a two-hundred day moving average of $13.49. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $751.65 million, a PE ratio of 35.93, a PEG ratio of 2.43 and a beta of 1.26.

Whitestone REIT Announces Dividend

The business 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 annualized dividend and a yield of 3.34%. The ex-dividend date is Tuesday, December 3rd. Whitestone REIT’s dividend payout ratio (DPR) is currently 121.95%.

Insider Activity

In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of the company’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 completion of the transaction, the director now directly owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. This represents a 161.66 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.