Brokerages Set Whitestone REIT (NYSE:WSR) Price Target at $14.00

Whitestone REIT (NYSE:WSR) has been assigned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.00.

Separately, Zacks Investment Research upgraded Whitestone REIT from a “sell” rating to a “hold” rating in a report on Saturday, December 7th.

Shares of WSR stock opened at $13.39 on Friday. The stock has a 50-day moving average price of $13.50 and a 200 day moving average price of $13.26. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.87. The firm has a market cap of $543.89 million, a price-to-earnings ratio of 11.54 and a beta of 0.99. Whitestone REIT has a 12 month low of $11.50 and a 12 month high of $14.65.

Whitestone REIT (NYSE:WSR) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). The firm had revenue of $29.88 million during the quarter, compared to analyst estimates of $29.99 million. Whitestone REIT had a return on equity of 4.55% and a net margin of 13.75%. Sell-side analysts predict that Whitestone REIT will post 0.92 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Tuesday, March 3rd will be issued a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date is Monday, March 2nd. Whitestone REIT’s dividend payout ratio (DPR) is currently 98.28%.

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 provides daily necessities, needed services and entertainment to the communities in which they are located.

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