Whitestone REIT (NYSE:WSR) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Whitestone REIT (NYSE:WSR) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.53 and traded as high as $13.50. Whitestone REIT shares last traded at $13.3550, with a volume of 250,539 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on WSR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Whitestone REIT in a research note on Wednesday, November 19th. Truist Financial raised their price target on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.50.

Whitestone REIT Stock Up 1.5%

The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.55. The firm’s 50 day moving average price is $12.55 and its two-hundred day moving average price is $12.53. The company has a market capitalization of $681.37 million, a P/E ratio of 15.71, a PEG ratio of 1.91 and a beta of 0.96.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Whitestone REIT had a net margin of 28.16% and a return on equity of 10.15%. The firm had revenue of $41.05 million during the quarter, compared to analysts’ expectations of $39.21 million. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. Equities research analysts forecast that Whitestone REIT will post 0.99 EPS for the current year.

Whitestone REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.045 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, December 1st. Whitestone REIT’s dividend payout ratio is 63.53%.

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.