Whitestone REIT (NYSE:WSR) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Whitestone REIT (NYSE:WSR) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.23 and traded as high as $18.97. Whitestone REIT shares last traded at $18.9450, with a volume of 828,537 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WSR shares. Colliers Securities set a $19.00 target price on shares of Whitestone REIT in a research report on Friday, April 10th. Weiss Ratings restated a “buy (b)” rating on shares of Whitestone REIT in a research report on Tuesday, April 14th. Cantor Fitzgerald cut shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Maxim Group reaffirmed a “hold” rating on shares of Whitestone REIT in a report on Monday, March 2nd. Finally, B. Riley Financial lowered shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.80.

Whitestone REIT Trading Down 0.0%

The company has a market capitalization of $973.58 million, a PE ratio of 19.73 and a beta of 0.78. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39. The stock has a fifty day moving average of $18.98 and a two-hundred day moving average of $16.23.

Whitestone REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, June 17th. Whitestone REIT’s dividend payout ratio (DPR) is presently 59.38%.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.