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

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

WSR has been the subject of a number of other reports. Truist Financial lifted their target price on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. JMP Securities restated a “market outperform” rating and issued a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Whitestone REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

Whitestone REIT Stock Performance

WSR stock opened at $13.47 on Thursday. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. The firm has a market cap of $682.00 million, a price-to-earnings ratio of 32.84, a PEG ratio of 2.16 and a beta of 1.27. The business’s fifty day simple moving average is $14.18 and its two-hundred day simple moving average is $13.84. 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 (NYSE:WSR) last announced its quarterly earnings data 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 company had revenue of $38.63 million for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.23 EPS. Analysts predict that Whitestone REIT will post 0.99 earnings per share for the current year.

Whitestone REIT Announces Dividend

The business 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 dividend of $0.045 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.54 annualized dividend and a yield of 4.01%. Whitestone REIT’s dividend payout ratio (DPR) is presently 131.71%.

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.