Weekly Investment Analysts’ Ratings Changes for Whitestone REIT (WSR)

Posted by Erica Schwartz on Dec 2nd, 2024

Several analysts have recently updated their ratings and price targets for Whitestone REIT (NYSE: WSR):

11/29/2024 – Whitestone REIT had its price target raised by analysts at Truist Financial Co. from $15.00 to $16.00. They now have a “buy” rating on the stock.
11/28/2024 – Whitestone REIT is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
11/20/2024 – Whitestone REIT is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
11/12/2024 – Whitestone REIT is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
11/4/2024 – Whitestone REIT is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
10/27/2024 – Whitestone REIT is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
10/19/2024 – Whitestone REIT is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Whitestone REIT Stock Performance

NYSE WSR traded down $0.20 during trading hours on Monday, hitting $14.52. 67,563 shares of the company’s stock traded hands, compared to its average volume of 315,247. Whitestone REIT has a 52 week low of $10.77 and a 52 week high of $15.01. The business’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $13.57. The firm has a market capitalization of $735.44 million, a P/E ratio of 35.42, a P/E/G ratio of 2.48 and a beta of 1.26. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49.

Whitestone REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.0413 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, December 3rd. Whitestone REIT’s payout ratio is presently 121.95%.

Insider Buying and Selling

In other Whitestone REIT news, Director Julia Bruns Buthman bought 5,000 shares of Whitestone REIT stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now directly owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. This represents a 161.66 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is currently owned by company insiders.

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.