Whitestone REIT (NYSE:WSR) Receives Average Rating of “Hold” from Analysts

Whitestone REIT (NYSE:WSR) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.50.

A number of brokerages have commented on WSR. Citizens Jmp downgraded shares of Whitestone REIT from a “market outperform” rating to a “hold” rating 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. Cantor Fitzgerald downgraded shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Citigroup downgraded shares of Whitestone REIT from a “market outperform” rating to a “market perform” rating in a report on Friday, April 10th. Finally, B. Riley Financial downgraded shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th.

Whitestone REIT Stock Down 0.0%

Shares of Whitestone REIT stock opened at $19.08 on Friday. The company has a market cap of $980.26 million, a P/E ratio of 19.87 and a beta of 0.78. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.34 and a current ratio of 1.34. Whitestone REIT has a one year low of $11.43 and a one year high of $19.10. The firm has a fifty day moving average of $18.85 and a two-hundred day moving average of $16.14.

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. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, June 17th. Whitestone REIT’s dividend payout ratio (DPR) is currently 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.