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

StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR) in a report published on Friday. The firm issued a hold rating on the real estate investment trust’s stock.

WSR has been the topic of several other research reports. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a research note on Tuesday, December 10th. Truist Financial boosted their price objective on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.67.

Whitestone REIT Trading Down 0.1 %

NYSE WSR opened at $13.39 on Friday. The firm’s 50 day moving average price is $14.04 and its two-hundred day moving average price is $13.83. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The stock has a market cap of $678.20 million, a price-to-earnings ratio of 32.66, a PEG ratio of 2.11 and a beta of 1.27.

Whitestone REIT (NYSE:WSR) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). The business had revenue of $38.63 million for the quarter, compared to analysts’ expectations of $38.45 million. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. During the same quarter in the prior year, the firm posted $0.23 EPS. Equities analysts anticipate that Whitestone REIT will post 0.99 EPS for the current year.

Whitestone REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, March 3rd will be given a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Monday, March 3rd. Whitestone REIT’s payout ratio is currently 131.71%.

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.