StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR - Free Report) in a research note issued to investors on Monday. The brokerage issued a hold rating on the real estate investment trust's stock.
Separately, Truist Financial upped their price objective on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, March 18th.
Check Out Our Latest Report on WSR
Whitestone REIT Stock Performance
NYSE WSR traded down $0.11 during trading on Monday, reaching $13.03. 32,124 shares of the company's stock were exchanged, compared to its average volume of 231,076. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The business has a 50 day moving average price of $13.72 and a 200-day moving average price of $13.94. The stock has a market capitalization of $663.16 million, a P/E ratio of 31.77, a PEG ratio of 2.13 and a beta of 0.89. Whitestone REIT has a fifty-two week low of $11.33 and a fifty-two week high of $15.36.
Whitestone REIT Increases Dividend
The company also recently declared a dividend, which will be paid on Tuesday, May 13th. Investors of record on Friday, May 2nd will be issued a dividend of $0.045 per share. This is a boost from Whitestone REIT's previous dividend of $0.04. This represents a yield of 4.11%. The ex-dividend date is Thursday, May 1st. Whitestone REIT's dividend payout ratio (DPR) is presently 76.06%.
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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