Whitestone REIT (NYSE:WSR) Director Amy Shih-Hua Feng Acquires 875 Shares of Stock

Whitestone REIT (NYSE:WSR) Director Amy Shih-Hua Feng purchased 875 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of $14.32 per share, for a total transaction of $12,530.00. Following the purchase, the director now owns 54,225 shares in the company, valued at approximately $776,502. The trade was a 1.64 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Whitestone REIT Stock Down 1.3 %

Whitestone REIT stock opened at $14.32 on Friday. Whitestone REIT has a 52 week low of $10.77 and a 52 week high of $15.36. The firm has a market cap of $725.00 million, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The business’s 50-day moving average price is $13.67 and its 200 day moving average price is $13.89. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, June 2nd. Whitestone REIT’s dividend payout ratio (DPR) is 76.06%.

Analysts Set New Price Targets

WSR has been the topic of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $16.00 target price on shares of Whitestone REIT in a research report on Tuesday, December 10th. StockNews.com started coverage on shares of Whitestone REIT in a report on Thursday. They issued a “hold” rating on the stock. Finally, Truist Financial raised their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday.

About Whitestone REIT

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.