Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong, balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.
Whitestone REIT Price Performance
Shares of WSR Stock traded down $0.09 during mid-day trading on Monday, reaching $11.08. The company's stock had a trading volume of 3,035 shares, compared to its average volume of 472,677. Whitestone REIT has a 1-year low of $9.05 and a 1-year high of $13.66. The company has a market cap of $547.02 million, a P/E ratio of 32.85, a PEG ratio of 1.81 and a beta of 1.18. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.24 and a current ratio of 2.24. The firm's 50-day moving average is $10.78 and its two-hundred day moving average is $11.73.
Whitestone REIT Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, December 14th. Investors of record on Friday, December 2nd will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Thursday, December 1st. Whitestone REIT's dividend payout ratio (DPR) is currently 141.18%.
Analyst Ratings Changes
WSR has been the subject of several recent research reports. B. Riley decreased their target price on shares of Whitestone REIT from $13.00 to $11.50 in a research report on Friday, August 5th. JMP Securities raised shares of Whitestone REIT from a "market perform" rating to an "outperform" rating and set a $13.00 price objective for the company in a report on Thursday, July 7th.