Truist Financial Cuts Whitestone REIT (NYSE:WSR) Price Target to $14.00

Whitestone REIT (NYSE:WSR) had its target price cut by Truist Financial from $16.00 to $14.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Separately, StockNews.com assumed coverage on shares of Whitestone REIT in a report on Wednesday, May 7th. They issued a “hold” rating on the stock.

Whitestone REIT Stock Down 1.8%

WSR stock opened at $12.35 on Monday. The company has a market cap of $628.57 million, a P/E ratio of 30.12, a P/E/G ratio of 2.13 and a beta of 0.93. Whitestone REIT has a 52 week low of $11.78 and a 52 week high of $15.36. The company’s 50-day moving average price is $13.49 and its 200 day moving average price is $13.80. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49.

Whitestone REIT (NYSE:WSR) last released its quarterly earnings data 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. The firm had revenue of $37.40 million for the quarter, compared to the consensus estimate of $38.95 million. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. On average, research analysts expect that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

Whitestone REIT Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 13th. Shareholders of record on Friday, May 2nd were issued a $0.045 dividend. This represents a dividend yield of 4.11%. The ex-dividend date of this dividend was Thursday, May 1st. This is an increase from Whitestone REIT’s previous dividend of $0.04. Whitestone REIT’s dividend payout ratio is 90.00%.

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.