Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Whitestone REIT from a hold rating to a buy rating and set a $14.00 price target on the stock in a research note on Sunday, January 6th. B. Riley reiterated a buy rating on shares of Whitestone REIT in a research note on Tuesday, November 6th. Finally, Boenning Scattergood restated a buy rating on shares of Whitestone REIT in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $13.42.
Shares of WSR stock opened at $14.11 on Monday. The firm has a market capitalization of $561.59 million, a price-to-earnings ratio of 11.29 and a beta of 1.20. Whitestone REIT has a 52 week low of $10.06 and a 52 week high of $14.49. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.04 and a current ratio of 1.04.
The firm also recently announced a monthly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Monday, March 4th will be issued a $0.095 dividend. The ex-dividend date is Friday, March 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.08%. Whitestone REIT’s dividend payout ratio (DPR) is presently 91.20%.
Several institutional investors have recently bought and sold shares of WSR. Bank of New York Mellon Corp acquired a new stake in Whitestone REIT in the second quarter valued at approximately $7,804,000. Schwab Charles Investment Management Inc. acquired a new stake in Whitestone REIT in the second quarter valued at approximately $2,426,000. Dimensional Fund Advisors LP acquired a new stake in Whitestone REIT in the second quarter valued at approximately $7,110,000. Finally, BlackRock Inc. acquired a new stake in Whitestone REIT in the second quarter valued at approximately $70,760,000. Hedge funds and other institutional investors own 52.16% of the company’s stock.
About Whitestone REIT
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provide daily necessities, needed services and entertainment to the communities in which they are located.
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