StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a research note released on Wednesday. The firm issued a hold rating on the real estate investment trust's stock.
Separately, Truist Financial boosted their target price on Whitestone REIT from $15.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, March 18th.
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Whitestone REIT Stock Up 0.4%
WSR stock traded up $0.05 during trading on Wednesday, hitting $12.64. 47,981 shares of the company's stock were exchanged, compared to its average volume of 281,290. The business has a 50-day moving average price of $13.57 and a two-hundred day moving average price of $13.83. The stock has a market capitalization of $643.07 million, a price-to-earnings ratio of 30.84, a PEG ratio of 2.13 and a beta of 0.93. Whitestone REIT has a 52-week low of $11.78 and a 52-week high of $15.36. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49.
Whitestone REIT (NYSE:WSR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $38.95 million. As a group, equities research analysts expect that Whitestone REIT will post 0.99 EPS for the current year.
Whitestone REIT Increases Dividend
The business also recently announced a dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Friday, May 2nd will be issued a $0.045 dividend. The ex-dividend date of this dividend is 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 payout ratio is presently 90.00%.
About Whitestone REIT
(
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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.
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