Whitestone REIT (NYSE:WSR) Shares Pass Above Two Hundred Day Moving Average of $11.99

Whitestone REIT (NYSE:WSRGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.99 and traded as high as $12.78. Whitestone REIT shares last traded at $12.75, with a volume of 360,900 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on WSR. Alliance Global Partners initiated coverage on Whitestone REIT in a research note on Monday, March 18th. They issued a “buy” rating and a $15.00 price target for the company. B. Riley reiterated a “neutral” rating on shares of Whitestone REIT in a research report on Friday, February 2nd. Finally, JMP Securities restated a “market outperform” rating and set a $15.00 price target on shares of Whitestone REIT in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Whitestone REIT has an average rating of “Moderate Buy” and a consensus price target of $13.63.

Read Our Latest Stock Report on WSR

Whitestone REIT Trading Up 1.2 %

The company has a market cap of $636.99 million, a P/E ratio of 26.56, a PEG ratio of 2.06 and a beta of 1.19. The firm’s 50 day moving average is $11.90 and its two-hundred day moving average is $11.99. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.51.

Whitestone REIT (NYSE:WSRGet Free Report) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.06). Whitestone REIT had a return on equity of 5.77% and a net margin of 16.64%. The company had revenue of $37.16 million for the quarter, compared to analyst estimates of $38.00 million. During the same period in the previous year, the firm posted $0.24 earnings per share. As a group, equities research analysts anticipate that Whitestone REIT will post 1.03 EPS for the current year.

Whitestone REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, June 4th will be given a $0.0413 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.88%. Whitestone REIT’s dividend payout ratio (DPR) is currently 102.08%.

Whitestone REIT Company Profile

(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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