Whitestone REIT (NYSE:WSR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR) in a report issued on Tuesday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, Truist Financial raised their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, March 18th.

Whitestone REIT Price Performance

NYSE:WSR opened at $12.54 on Tuesday. Whitestone REIT has a 52 week low of $11.37 and a 52 week high of $15.36. The firm has a market cap of $638.38 million, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.13 and a beta of 0.89. The firm’s 50-day simple moving average is $13.68 and its 200 day simple moving average is $13.91. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17.

Whitestone REIT (NYSE:WSR) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. The business had revenue of $37.40 million for the quarter, compared to analyst estimates of $38.95 million. As a group, sell-side analysts predict that Whitestone REIT will post 0.99 earnings per share for the current year.

Whitestone REIT Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Friday, May 2nd will be issued a $0.045 dividend. This is a positive change from Whitestone REIT’s previous dividend of $0.04. This represents a yield of 4.11%. The ex-dividend date of this dividend is Thursday, May 1st. Whitestone REIT’s dividend payout ratio (DPR) is currently 90.00%.

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.