Truist Financial Issues Positive Forecast for Whitestone REIT (NYSE:WSR) Stock Price

Whitestone REIT (NYSE:WSR) had its price objective hoisted by Truist Financial from $15.00 to $16.00 in a report issued on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

Several other analysts have also commented on WSR. StockNews.com started coverage on Whitestone REIT in a report on Thursday. They set a “hold” rating for the company. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price target on shares of Whitestone REIT in a research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.33.

Whitestone REIT Trading Down 1.0 %

NYSE WSR opened at $14.74 on Friday. Whitestone REIT has a 52 week low of $10.77 and a 52 week high of $15.01. The company has a 50 day moving average price of $14.09 and a 200 day moving average price of $13.54. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The firm has a market cap of $746.27 million, a PE ratio of 35.94, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26.

Whitestone REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.0413 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, December 3rd. Whitestone REIT’s dividend payout ratio (DPR) is presently 119.51%.

Insider Activity at Whitestone REIT

In other news, Director Julia Bruns Buthman purchased 5,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of $12.99 per share, for a total transaction of $64,950.00. Following the purchase, the director now owns 8,093 shares in the company, valued at $105,128.07. This trade represents a 161.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.50% of the stock is owned by insiders.

Whitestone REIT Company Profile

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.