Whitestone REIT (NYSE:WSR) Share Price Passes Above 200 Day Moving Average – Here’s Why

Whitestone REIT (NYSE:WSR)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.58 and traded as high as $18.97. Whitestone REIT shares last traded at $18.9650, with a volume of 465,020 shares traded.

Analyst Ratings Changes

WSR has been the subject of several research reports. Cantor Fitzgerald lowered shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Alliance Global Partners lowered shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Whitestone REIT in a report on Tuesday, April 14th. Citizens Jmp downgraded shares of Whitestone REIT from a “market outperform” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Citigroup cut shares of Whitestone REIT from a “market outperform” rating to a “market perform” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.80.

Whitestone REIT Stock Performance

The business has a 50-day simple moving average of $18.98 and a 200 day simple moving average of $16.58. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $974.61 million, a PE ratio of 19.76 and a beta of 0.78.

Whitestone REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 17th were issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, June 17th. Whitestone REIT’s dividend payout ratio is currently 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.