Whitestone REIT (NYSE:WSR) Director Julia Bruns Buthman Acquires 5,000 Shares

Whitestone REIT (NYSE:WSR) Director Julia Bruns Buthman bought 5,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was bought at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the completion of the purchase, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Whitestone REIT Price Performance

Shares of NYSE:WSR opened at $13.10 on Friday. The company’s fifty day moving average price is $13.47 and its 200-day moving average price is $12.69. The firm has a market capitalization of $655.79 million, a price-to-earnings ratio of 27.29, a PEG ratio of 2.11 and a beta of 1.27. Whitestone REIT has a one year low of $9.07 and a one year high of $14.48. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.93 and a quick ratio of 1.93.

Whitestone REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Wednesday, October 2nd will be issued a $0.0413 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Wednesday, October 2nd. Whitestone REIT’s payout ratio is 104.17%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a research note on Friday, June 28th. Truist Financial upped their price target on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Whitestone REIT currently has an average rating of “Moderate Buy” and an average price target of $15.00.

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.