Whitestone REIT (NYSE:WSR) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Whitestone REIT's stock price has crossed above its 200-day moving average, indicating potential strong performance, as it traded at $13.05 with a volume of 111,791 shares.
• Analysts have mixed views on the stock, with Truist Financial lowering their target price to $14.00 while JMP Securities maintains a target of $16.00 and a "market outperform" rating.
• The company recently declared a monthly dividend of $0.045, resulting in an annualized yield of 4.1%, with a payout ratio of 83.08%.

Whitestone REIT (NYSE:WSR - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.93 and traded as high as $13.06. Whitestone REIT shares last traded at $13.05, with a volume of 111,791 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WSR. JMP Securities reissued a "market outperform" rating and set a $16.00 target price on shares of Whitestone REIT in a report on Wednesday, June 18th. Wall Street Zen raised shares of Whitestone REIT from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $15.00.

Whitestone REIT Stock Performance

The stock's 50-day simple moving average is $12.56 and its 200-day simple moving average is $12.91. The stock has a market cap of $655.10 million, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.55.

Whitestone REIT (NYSE:WSR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $37.68 million during the quarter, compared to analysts' expectations of $38.55 million. Whitestone REIT had a return on equity of 7.76% and a net margin of 21.70%. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. Analysts forecast that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

Whitestone REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.045 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, December 1st. Whitestone REIT's dividend payout ratio is 83.08%.

About Whitestone REIT

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.