Whitestone REIT (NYSE:WSR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a research report report published on Thursday. The brokerage 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 on the stock in a report on Monday, May 12th.

Whitestone REIT Stock Performance

NYSE WSR traded up $0.02 during trading hours on Thursday, reaching $12.73. The company's stock had a trading volume of 248,263 shares, compared to its average volume of 282,132. 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 business has a 50-day simple moving average of $13.43 and a 200 day simple moving average of $13.78. Whitestone REIT has a 52 week low of $11.78 and a 52 week high of $15.36. The stock has a market cap of $647.65 million, a PE ratio of 31.04, a PEG ratio of 2.13 and a beta of 0.93.

Whitestone REIT (NYSE:WSR - Get Free Report) last issued 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. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. The firm had revenue of $37.40 million for the quarter, compared to analysts' expectations of $38.95 million. Equities research analysts predict that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

Whitestone REIT Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 13th. Shareholders of record on Friday, May 2nd were paid a $0.045 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a dividend yield of 4.11%. This is a positive change from Whitestone REIT's previous dividend of $0.04. Whitestone REIT's dividend payout ratio (DPR) is presently 90.00%.

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.