2 weeks Ago By ABMN Staff
Whitestone REIT ( NYSE:WSR – Get Free Report ) announced a monthly dividend on Wednesday, September 4th, NASDAQ reports. Stockholders of record on Wednesday, October 2nd will be paid a dividend of 0.0413 per share by the real estate investment trust on Thursday, October 10th.
This represents a $0.50 annualized dividend and a dividend yield of 3.68%.
The ex-dividend date of this dividend is Wednesday, October 2nd. Whitestone REIT has raised its dividend by an average of 10.1% annually over the last three years.
Whitestone REIT has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Whitestone REIT to earn $1.
08 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 46.3%.
Whitestone REIT Stock Up 1.1 % NYSE:WSR opened at $13.44 on Monday.
The business’s fifty day moving average price is $13.38 and its 200 day moving average price is $12.81.
The firm has a market capitalization of $672.81 million, a price-to-earnings ratio of 28.00, a PEG ratio of 2.
22 and a beta of 1.27. The company has a current ratio of 1.
93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.57.
Whitestone REIT has a 1-year low of $9.07 and a 1-year high of $14.48.
Insider Activity at Whitestone REIT Wall Street Analyst Weigh In A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a report on Thursday, September 19th.
Truist Financial boosted their price objective on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th.
Two equities research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.
00. Read Our Latest Stock Report on Whitestone REIT About Whitestone REIT ( Get Free Report ) 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.
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