Whitestone REIT (NYSE:WSR) Stock Price Passes Above 200-Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemWhitestone REIT (NYSE:WSR – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.49 and traded as high as $18.99. Whitestone REIT shares last traded at $18.9650, with a volume of 755,846 shares trading hands.
Analyst Upgrades and Downgrades
WSR has been the subject of a number of recent research reports. LADENBURG THALM/SH SH cut shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. Colliers Securities set a $19.00 price objective on shares of Whitestone REIT in a research note on Friday, April 10th. Cantor Fitzgerald cut shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. B. Riley Financial cut Whitestone REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Citigroup cut Whitestone REIT from a “market outperform” rating to a “market perform” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Whitestone REIT has a consensus rating of “Hold” and an average price target of $17.50.
Read Our Latest Stock Report on Whitestone REIT
Whitestone REIT Stock Performance
The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.39. The firm has a market cap of $975.90 million, a P/E ratio of 19.78 and a beta of 0.80. The company’s 50 day simple moving average is $18.02 and its 200-day simple moving average is $15.53.
Whitestone REIT (NYSE:WSR – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. The company had revenue of $43.92 million during the quarter, compared to analysts’ expectations of $41.27 million. Whitestone REIT had a return on equity of 11.12% and a net margin of 30.67%. As a group, research analysts predict that Whitestone REIT will post 1.13 earnings per share for the current fiscal year.
Whitestone REIT Announces Dividend
The company also recently announced 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. This represents a $0.57 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, June 17th. Whitestone REIT’s dividend payout ratio is currently 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.