Whitestone REIT (NYSE:WSR) Stock Crosses Above 200-Day Moving Average – What’s Next?

Whitestone REIT (NYSE:WSR)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.58 and traded as high as $18.97. Whitestone REIT shares last traded at $18.9650, with a volume of 465,020 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald downgraded Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Truist Financial lowered Whitestone REIT from a “buy” rating to a “hold” rating and upped their target price for the company from $17.00 to $19.00 in a research report on Thursday, April 9th. B. Riley Financial cut Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. LADENBURG THALM/SH SH downgraded Whitestone REIT from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Alliance Global Partners lowered Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.80.

Whitestone REIT Trading Down 0.1%

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 stock has a market cap of $974.61 million, a PE ratio of 19.76 and a beta of 0.78. The stock has a 50-day moving average of $18.99 and a 200 day moving average of $16.61.

Whitestone REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 17th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, June 17th. Whitestone REIT’s dividend payout ratio (DPR) is 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.