Whitestone REIT (NYSE:WSR) Director Buys $61,750.00 in Stock

Whitestone REIT (NYSE:WSR - Get Free Report) Director Donald A. Miller purchased 5,000 shares of Whitestone REIT stock in a transaction on Wednesday, May 28th. The stock was bought at an average cost of $12.35 per share, with a total value of $61,750.00. Following the completion of the acquisition, the director now owns 21,708 shares in the company, valued at approximately $268,093.80. This trade represents a 29.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Whitestone REIT Price Performance

NYSE WSR traded down $0.07 during trading on Tuesday, reaching $12.31. 143,555 shares of the company traded hands, compared to its average volume of 271,334. Whitestone REIT has a 1-year low of $11.78 and a 1-year high of $15.36. The company has a market cap of $626.48 million, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.13 and a beta of 0.93. The stock's 50 day moving average price is $12.92 and its two-hundred day moving average price is $13.62. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17.

Whitestone REIT (NYSE:WSR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Whitestone REIT had a return on equity of 4.98% and a net margin of 13.97%. The business had revenue of $37.40 million during the quarter, compared to the consensus estimate of $38.95 million. As a group, analysts anticipate that Whitestone REIT will post 0.99 EPS for the current year.

Whitestone REIT Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 13th. Stockholders of record on Friday, May 2nd were paid 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 of this dividend was Thursday, May 1st. Whitestone REIT's dividend payout ratio is 90.00%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WSR. Truist Financial lowered their price target on Whitestone REIT from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Wall Street Zen began coverage on Whitestone REIT in a report on Thursday, May 15th. They set a "hold" rating on the 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.