Short Interest in Whitestone REIT (NYSE:WSR) Declines By 28.6%

Whitestone REIT (NYSE:WSR) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 301,700 shares, a drop of 28.6% from the February 13th total of 422,600 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 223,200 shares, the days-to-cover ratio is presently 1.4 days.

Whitestone REIT Trading Down 1.2 %

Shares of NYSE:WSR traded down $0.17 during trading on Monday, reaching $14.31. The stock had a trading volume of 290,761 shares, compared to its average volume of 265,336. Whitestone REIT has a 52 week low of $10.77 and a 52 week high of $15.36. 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 firm’s fifty day moving average is $13.60 and its 200 day moving average is $13.87. The stock has a market cap of $724.59 million, a price-to-earnings ratio of 34.90, a P/E/G ratio of 2.13 and a beta of 1.29.

Whitestone REIT Dividend Announcement

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

Wall Street Analyst Weigh In

WSR has been the subject of a number of research reports. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Whitestone REIT in a report on Tuesday, December 10th. Truist Financial raised their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Finally, StockNews.com assumed coverage on shares of Whitestone REIT in a report on Wednesday, March 12th. They set a “hold” rating for the company.

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.