Whitestone REIT (NYSE:WSR - Get Free Report) Director Donald A. Miller purchased 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost of $12.35 per share, with a total value of $61,750.00. Following the acquisition, the director now directly owns 21,708 shares of the company's stock, valued at $268,093.80. This trade represents a 29.93% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Whitestone REIT Trading Down 0.3%
Shares of Whitestone REIT stock opened at $12.31 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a twelve month low of $11.78 and a twelve month high of $15.36. The business has a 50-day moving average price of $13.01 and a 200-day moving average price of $13.65. The firm has a market cap of $626.53 million, a price-to-earnings ratio of 30.03, a PEG ratio of 2.13 and a beta of 0.93.
Whitestone REIT (NYSE:WSR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $37.40 million during the quarter, compared to the consensus estimate of $38.95 million. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. Equities research analysts anticipate that Whitestone REIT will post 0.99 EPS for the current fiscal year.
Whitestone REIT Increases Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, May 13th. Investors of record on Friday, May 2nd were paid a $0.045 dividend. This is an increase from Whitestone REIT's previous dividend of $0.04. The ex-dividend date of this dividend was Thursday, May 1st. This represents a yield of 4.11%. Whitestone REIT's payout ratio is 90.00%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on WSR. Wall Street Zen initiated coverage on Whitestone REIT in a report on Thursday, May 15th. They set a "hold" rating for the company. Truist Financial cut their price target on Whitestone REIT from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Monday, May 12th.
Get Our Latest Stock Report on WSR
Whitestone REIT Company Profile
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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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