Whitestone REIT (NYSE:WSR) Given Consensus Rating of “Hold” by Brokerages

Whitestone REIT (NYSE:WSR) has earned a consensus rating of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $17.50.

Several brokerages have commented on WSR. Citigroup cut shares of Whitestone REIT from a “market outperform” rating to a “market perform” rating in a research report on Friday, April 10th. Maxim Group restated a “hold” rating on shares of Whitestone REIT in a research report on Monday, March 2nd. Truist Financial downgraded Whitestone REIT from a “buy” rating to a “hold” rating and upped their price objective for the company from $17.00 to $19.00 in a report on Thursday, April 9th. Citizens Jmp lowered Whitestone REIT from a “market outperform” rating to a “hold” rating in a research note on Friday, April 10th. Finally, B. Riley Financial lowered Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th.

Whitestone REIT Trading Up 0.1%

WSR opened at $19.07 on Friday. The firm has a 50 day simple moving average of $18.69 and a 200 day simple moving average of $16.01. Whitestone REIT has a fifty-two week low of $11.43 and a fifty-two week high of $19.10. The company has a market cap of $979.75 million, a price-to-earnings ratio of 19.86 and a beta of 0.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.34 and a quick ratio of 1.34.

Whitestone REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Wednesday, June 17th will be paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.57 annualized dividend and a yield of 3.0%. Whitestone REIT’s dividend payout ratio (DPR) is presently 59.38%.

About Whitestone REIT

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.