StockNews.com Initiates Coverage on Whitestone REIT (NYSE:WSR)

StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR) in a research report report published on Monday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on WSR. Truist Financial lifted their price target on shares of 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 restated a “market outperform” rating and set a $15.00 target price on shares of Whitestone REIT in a research report on Thursday, September 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.00.

Whitestone REIT Stock Down 0.1 %

Shares of WSR opened at $14.29 on Monday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The business has a fifty day moving average of $13.66 and a 200 day moving average of $13.24. The company has a market cap of $723.79 million, a PE ratio of 34.85, a P/E/G ratio of 2.30 and a beta of 1.26. Whitestone REIT has a 52-week low of $10.22 and a 52-week high of $14.65.

Whitestone REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 3.46%. The ex-dividend date is Tuesday, December 3rd. Whitestone REIT’s dividend payout ratio is currently 121.95%.

Insider Buying and Selling

In related news, Director Julia Bruns Buthman acquired 5,000 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now directly owns 8,093 shares of the company’s stock, valued at $105,128.07. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.50% of the stock is currently owned by insiders.

Whitestone REIT Company Profile

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.