Whitestone REIT (NYSE:WSR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Whitestone REIT (NYSE:WSR) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Separately, Truist Financial boosted their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th.

Whitestone REIT Trading Down 0.8 %

NYSE:WSR opened at $12.56 on Wednesday. The stock has a fifty day simple moving average of $13.57 and a 200 day simple moving average of $13.84. The firm has a market capitalization of $639.24 million, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93. Whitestone REIT has a 1-year low of $11.78 and a 1-year high of $15.36. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49.

Whitestone REIT (NYSE:WSR) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $38.95 million. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. Sell-side analysts forecast that Whitestone REIT will post 0.99 earnings per share for the current year.

Whitestone REIT Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 13th. Investors of record on Friday, May 2nd will be issued a dividend of $0.045 per share. This is a boost from Whitestone REIT’s previous dividend of $0.04. This represents a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, May 1st. Whitestone REIT’s dividend payout ratio (DPR) is currently 90.00%.

Whitestone REIT Company Profile

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities.