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

StockNews.com started coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the real estate investment trust's stock.

Separately, Truist Financial increased their target price on Whitestone REIT from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th.

Whitestone REIT Trading Down 0.8 %

Shares of NYSE:WSR traded down $0.10 during midday trading on Wednesday, hitting $12.56. The company had a trading volume of 292,424 shares, compared to its average volume of 281,902. The stock has a market cap of $639.24 million, a price-to-earnings ratio of 30.63, a PEG ratio of 2.13 and a beta of 0.93. The firm has a fifty day simple moving average of $13.57 and a 200 day simple moving average of $13.84. 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 has a 12 month low of $11.78 and a 12 month high of $15.36.

Whitestone REIT (NYSE:WSR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $37.40 million during the quarter, compared to analyst estimates of $38.95 million. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. On average, analysts predict that Whitestone REIT will post 0.99 EPS for the current year.

Whitestone REIT Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.045 per share. This is a boost from Whitestone REIT's previous dividend of $0.04. This represents a dividend yield of 4.11%. The ex-dividend date is Thursday, May 1st. Whitestone REIT's dividend payout ratio is currently 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.