Whitestone REIT (NYSE:WSR) Given Consensus Rating of “Hold” by Brokerages

Shares of Whitestone REIT (NYSE:WSR) have received an average rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.80.

Several equities analysts recently weighed in on WSR shares. Alliance Global Partners lowered Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. Colliers Securities set a $19.00 price target on Whitestone REIT in a research report on Friday, April 10th. Citizens Jmp cut Whitestone REIT from a “market outperform” rating to a “hold” rating in a research report on Friday, April 10th. Cantor Fitzgerald lowered Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Citigroup cut shares of Whitestone REIT from a “market outperform” rating to a “market perform” rating in a research note on Friday, April 10th.

Whitestone REIT Stock Performance

WSR stock traded up $0.01 during midday trading on Tuesday, hitting $18.98. 46,370 shares of the stock traded hands, compared to its average volume of 442,150. The stock’s fifty day simple moving average is $18.99 and its 200-day simple moving average is $16.69. The firm has a market cap of $975.13 million, a P/E ratio of 19.77 and a beta of 0.78. Whitestone REIT has a 1-year low of $11.43 and a 1-year high of $19.10. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.34 and a quick ratio of 1.34.

Whitestone REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th were given a $0.1425 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $0.57 dividend on an annualized basis and a yield of 3.0%. Whitestone REIT’s payout ratio is presently 59.38%.

About Whitestone REIT

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.