Whitestone REIT (NYSE:WSR) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Whitestone REIT (NYSE:WSR) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Several other research firms have also weighed in on WSR. Truist Financial lowered their target price on shares of Whitestone REIT from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, May 12th. JMP Securities restated a “market outperform” rating and issued a $16.00 price objective on shares of Whitestone REIT in a research report on Wednesday, June 18th.

Whitestone REIT Stock Up 0.2%

WSR opened at $12.74 on Friday. The firm’s 50-day simple moving average is $12.49 and its 200-day simple moving average is $13.27. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.02 and a current ratio of 3.02. Whitestone REIT has a twelve month low of $11.78 and a twelve month high of $15.36. The firm has a market cap of $648.47 million, a price-to-earnings ratio of 21.23, a PEG ratio of 2.03 and a beta of 0.90.

Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Whitestone REIT had a net margin of 20.15% and a return on equity of 7.23%. The business had revenue of $37.40 million for the quarter, compared to analyst estimates of $38.95 million. Equities research analysts anticipate that Whitestone REIT will post 0.99 EPS for the current fiscal year.

Whitestone REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Tuesday, September 2nd will be given a $0.045 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 4.24%. Whitestone REIT’s payout ratio is 90.00%.

Insider Activity at Whitestone REIT

In other news, Director Donald A. Miller purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average price of $12.35 per share, with a total value of $61,750.00. Following the completion of the purchase, the director directly owned 21,708 shares of the company’s stock, valued at $268,093.80. The trade was a 29.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

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.