Whitestone REIT (NYSE:WSR) Earns Hold Rating from Analysts at StockNews.com

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

WSR has been the topic of a number of other reports. Truist Financial lifted their price target on Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 target price on shares of Whitestone REIT in a research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.00.

Whitestone REIT Stock Down 2.1 %

WSR opened at $14.25 on Tuesday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $14.80. The company has a market cap of $721.76 million, a PE ratio of 34.76, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company has a 50-day moving average price of $13.79 and a 200 day moving average price of $13.35.

Whitestone REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.0413 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, December 3rd. Whitestone REIT’s dividend payout ratio (DPR) is currently 121.95%.

Insider Buying and Selling at Whitestone REIT

In other news, Director Julia Bruns Buthman purchased 5,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now owns 8,093 shares in the company, valued at $105,128.07. The trade was a 161.66 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.50% of the stock is owned by company 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.