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

Whitestone REIT (NYSE:WSR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Cantor Fitzgerald lowered Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Colliers Securities set a $19.00 target price on Whitestone REIT in a research note on Friday, April 10th. Alliance Global Partners lowered Whitestone REIT from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Whitestone REIT in a research report on Tuesday, April 14th. Finally, Truist Financial downgraded shares of Whitestone REIT from a “buy” rating to a “hold” rating and increased their price target for the stock from $17.00 to $19.00 in a report on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.80.

Whitestone REIT Trading Down 0.0%

The stock has a market cap of $973.58 million, a P/E ratio of 19.73 and a beta of 0.78. The firm’s fifty day moving average price is $18.98 and its two-hundred day moving average price is $16.23. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.34 and a quick ratio of 1.34.

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 issued a $0.1425 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.57 annualized dividend and a dividend yield of 3.0%. Whitestone REIT’s dividend payout ratio (DPR) is presently 59.38%.

About Whitestone REIT

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.