Whitestone REIT (NYSE:WSR) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Whitestone REIT's stock recently crossed above its 200-day moving average of $12.90, reaching a high of $13.05 during trading.
• Analysts maintain a consensus Buy rating on the stock, with an average target price of $15.00 after recent upgrades from several firms.
• The company announced a monthly dividend of $0.045, contributing to an annualized yield of 4.2%, with an ex-dividend date set for December 1st.

Whitestone REIT (NYSE:WSR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.90 and traded as high as $13.05. Whitestone REIT shares last traded at $12.91, with a volume of 186,038 shares trading hands.

Analyst Ratings Changes

Several research analysts have issued reports on WSR shares. JMP Securities restated a "market outperform" rating and set a $16.00 target price on shares of Whitestone REIT in a research report on Wednesday, June 18th. Wall Street Zen raised shares of Whitestone REIT from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $15.00.

Whitestone REIT Stock Down 0.8%

The company's fifty day simple moving average is $12.58 and its 200-day simple moving average is $12.90. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market capitalization of $658.67 million, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99.

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

Whitestone REIT Dividend Announcement

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

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