Whitestone REIT (NYSE:WSR) Trading 3.7% Higher – Here’s What Happened

Whitestone REIT (NYSE:WSR) was up 3.7% on Tuesday . The company traded as high as $14.38 and last traded at $14.09. Approximately 90,134 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 265,920 shares. The stock had previously closed at $13.58.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. Truist Financial increased their price objective on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Finally, StockNews.com started coverage on Whitestone REIT in a research report on Tuesday. They issued a “hold” rating for the company.

Whitestone REIT Stock Up 3.5 %

The company’s 50-day simple moving average is $13.58 and its two-hundred day simple moving average is $13.82. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $711.83 million, a P/E ratio of 34.37, a P/E/G ratio of 2.13 and a beta of 1.26.

Whitestone REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.045 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.84%. Whitestone REIT’s payout ratio is currently 131.71%.

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.