Whitestone REIT (WSR) To Go Ex-Dividend on December 3rd

Whitestone REIT (NYSE:WSR) declared a monthly dividend on Friday, September 6th, Wall Street Journal reports. Shareholders of record on Tuesday, December 3rd will be given a dividend of 0.0413 per share by the real estate investment trust on Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Whitestone REIT has raised its dividend by an average of 10.1% per year over the last three years. Whitestone REIT has a payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Whitestone REIT to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 44.6%.

Whitestone REIT Stock Down 0.2 %

NYSE:WSR opened at $13.08 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $653.48 million, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Whitestone REIT has a twelve month low of $9.07 and a twelve month high of $14.48. The stock’s 50 day moving average price is $13.47 and its two-hundred day moving average price is $12.70.

Analysts Set New Price Targets

WSR has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. JMP Securities restated a “market outperform” rating and issued a $15.00 price target on shares of Whitestone REIT in a research note on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Buying and Selling

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 stock was acquired at an average cost of $12.99 per share, for a total transaction of $64,950.00. Following the transaction, the director now directly owns 8,093 shares in the company, valued at $105,128.07. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.50% of the stock is owned by corporate insiders.

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.