Whitestone REIT (NYSE:WSR) Shares Cross Above Two Hundred 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 share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

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

Whitestone REIT Stock Down 1.7%

The firm's 50-day moving average price is $12.59 and its 200 day moving average price is $12.88. The firm has a market cap of $649.23 million, a P/E ratio of 19.58, a PEG ratio of 2.05 and a beta of 0.99. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.41 and a quick ratio of 2.41.

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 for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. Whitestone REIT had a return on equity of 7.76% and a net margin of 21.70%.The business had revenue of $37.68 million during the quarter, compared to the consensus estimate of $38.55 million. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. On average, equities research analysts expect that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

Whitestone REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Monday, December 1st will be given a $0.045 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, December 1st. Whitestone REIT's dividend payout ratio (DPR) is presently 83.08%.

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.