Whitestone REIT (NYSE:WSR) Receives $17.50 Consensus Target Price from Brokerages

Whitestone REIT (NYSE:WSR) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $17.80.

A number of research firms have commented on WSR. Colliers Securities set a $19.00 target price on shares of Whitestone REIT in a research report on Friday, April 10th. LADENBURG THALM/SH SH downgraded shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Citigroup downgraded Whitestone REIT from a “market outperform” rating to a “market perform” rating in a report on Friday, April 10th. Cantor Fitzgerald downgraded Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Maxim Group reiterated a “hold” rating on shares of Whitestone REIT in a report on Monday, March 2nd.

Whitestone REIT Trading Up 0.1%

NYSE WSR opened at $18.95 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $973.58 million, a price-to-earnings ratio of 19.73 and a beta of 0.78. The company’s 50-day simple moving average is $18.94 and its two-hundred day simple moving average is $16.22. Whitestone REIT has a one year low of $11.43 and a one year high of $19.10.

Whitestone REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be issued a $0.1425 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.0%. Whitestone REIT’s dividend payout ratio (DPR) is currently 59.38%.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.