Whitestone REIT (NYSE:WSR) Sees Large Volume Increase – Here’s Why

Shares of Whitestone REIT (NYSE:WSR) saw unusually-high trading volume on Monday . Approximately 2,177,973 shares changed hands during mid-day trading, an increase of 469% from the previous session’s volume of 382,859 shares.The stock last traded at $18.9250 and had previously closed at $18.95.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Whitestone REIT in a report on Tuesday, April 14th. Colliers Securities set a $19.00 price target on Whitestone REIT in a report on Friday, April 10th. Truist Financial cut Whitestone REIT from a “buy” rating to a “hold” rating and increased their price objective for the company from $17.00 to $19.00 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. Finally, Cantor Fitzgerald lowered Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.80.

Whitestone REIT Stock Down 0.0%

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $973.07 million, a PE ratio of 19.73 and a beta of 0.78. The company’s 50 day moving average is $18.98 and its two-hundred day moving average is $16.34.

Whitestone REIT Dividend Announcement

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