Whitestone REIT (NYSE:WSR) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Whitestone REIT's stock price surpassed its 200-day moving average of $12.86, recording a high of $12.88 during trading.
• The company announced a monthly dividend of $0.045 per share, which represents an annualized yield of 4.2%, to be paid on December 11th.
• Analysts have given Whitestone REIT a consensus rating of "Buy" with an average price target of $15.00.

Shares of Whitestone REIT (NYSE:WSR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.86 and traded as high as $12.88. Whitestone REIT shares last traded at $12.84, with a volume of 138,675 shares.

Analyst Upgrades and Downgrades

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

Whitestone REIT Price Performance

The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.41 and a current ratio of 2.41. The stock's 50 day simple moving average is $12.60 and its two-hundred day simple moving average is $12.86. The firm has a market capitalization of $655.28 million, a PE ratio of 19.76, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.

Whitestone REIT (NYSE:WSR - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that Whitestone REIT will post 0.99 EPS for the current year.

Whitestone REIT Dividend Announcement

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

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