Whitestone REIT (NYSE:WSR) Now Covered by Analysts at StockNews.com

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

WSR has been the topic of several other research reports. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a research note on Tuesday, December 10th. Truist Financial lifted their price objective on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.

Whitestone REIT Stock Up 0.8 %

Shares of WSR stock opened at $13.47 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. Whitestone REIT has a one year low of $10.77 and a one year high of $15.36. The company’s fifty day moving average price is $14.18 and its 200-day moving average price is $13.84. The company has a market capitalization of $682.00 million, a price-to-earnings ratio of 32.84, a PEG ratio of 2.16 and a beta of 1.27.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.10). Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. The business had revenue of $38.63 million during the quarter, compared to analysts’ expectations of $38.45 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Sell-side analysts expect that Whitestone REIT will post 0.99 EPS for the current fiscal year.

Whitestone REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.54 annualized dividend and a yield of 4.01%. Whitestone REIT’s payout ratio is currently 131.71%.

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.