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 Thursday. The firm issued a hold rating on the real estate investment trust’s stock.

Separately, Truist Financial cut their target price on shares of Whitestone REIT from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, May 12th.

Whitestone REIT Stock Performance

Shares of WSR opened at $12.73 on Thursday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The stock has a market cap of $647.65 million, a P/E ratio of 31.04, a PEG ratio of 2.13 and a beta of 0.93. The company has a 50-day moving average of $13.43 and a two-hundred day moving average of $13.78. Whitestone REIT has a 12-month low of $11.78 and a 12-month high of $15.36.

Whitestone REIT (NYSE:WSR) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $38.95 million. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. As a group, research analysts predict that Whitestone REIT will post 0.99 EPS for the current fiscal year.

Whitestone REIT Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 13th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.045 per share. The ex-dividend date was Thursday, May 1st. This is an increase from Whitestone REIT’s previous dividend of $0.04. This represents a dividend yield of 4.11%. Whitestone REIT’s payout ratio is 90.00%.

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.