Whitestone REIT (NYSE:WSR) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Whitestone REIT (NYSE:WSR)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.77 and traded as high as $19.04. Whitestone REIT shares last traded at $19.0150, with a volume of 457,244 shares traded.

Analysts Set New Price Targets

WSR has been the topic of several research reports. Citizens Jmp downgraded Whitestone REIT from a “market outperform” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Whitestone REIT in a report on Tuesday, April 14th. Citigroup downgraded Whitestone REIT from a “market outperform” rating to a “market perform” rating in a report on Friday, April 10th. Maxim Group reaffirmed a “hold” rating on shares of Whitestone REIT in a report on Monday, March 2nd. Finally, Truist Financial downgraded Whitestone REIT from a “buy” rating to a “hold” rating and upped their price objective for the stock from $17.00 to $19.00 in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Whitestone REIT presently has an average rating of “Hold” and a consensus target price of $17.50.

Whitestone REIT Stock Performance

The stock has a 50 day moving average price of $18.34 and a two-hundred day moving average price of $15.77. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39. The company has a market cap of $977.18 million, a price-to-earnings ratio of 19.81 and a beta of 0.78.

Whitestone REIT Announces Dividend

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