Whitestone REIT (NYSE:WSR) Stock Price Crosses Above Two Hundred Day Moving Average of $11.43

Shares of Whitestone REIT (NYSE:WSRGet Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.43 and traded as high as $12.13. Whitestone REIT shares last traded at $11.78, with a volume of 503,994 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WSR. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 price objective on shares of Whitestone REIT in a research note on Thursday, March 7th. B. Riley reissued a “neutral” rating on shares of Whitestone REIT in a research report on Friday, February 2nd. Alliance Global Partners began coverage on shares of Whitestone REIT in a research report on Monday, March 18th. They set a “buy” rating and a $15.00 target price for the company. Finally, Truist Financial raised shares of Whitestone REIT from a “hold” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $13.50 in a research report on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.63.

Read Our Latest Report on Whitestone REIT

Whitestone REIT Stock Performance

The firm has a market cap of $588.53 million, a P/E ratio of 31.00, a PEG ratio of 2.01 and a beta of 1.19. The stock’s 50 day moving average is $12.41 and its two-hundred day moving average is $11.43. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.80 and a quick ratio of 1.80.

Whitestone REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.0413 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.50 annualized dividend and a yield of 4.20%. Whitestone REIT’s dividend payout ratio is 126.32%.

About Whitestone REIT

(Get Free Report)

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.

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