Whitestone REIT (NYSE:WSR) Sees Significant Decline in Short Interest

by · The Cerbat Gem

Whitestone REIT (NYSE:WSR – Get Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 301,700 shares, a drop of 28.6% from the February 13th total of 422,600 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 223,200 shares, the short-interest ratio is presently 1.4 days.

Analyst Upgrades and Downgrades

WSR has been the topic of several recent analyst reports. Truist Financial lifted their price target on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 29th. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. Finally, StockNews.com began coverage on Whitestone REIT in a research report on Wednesday. They set a “hold” rating on the stock.

View Our Latest Research Report on Whitestone REIT

Whitestone REIT Price Performance

WSR stock traded up $0.16 during midday trading on Friday, reaching $14.46. 240,765 shares of the stock were exchanged, compared to its average volume of 266,402. The stock has a market capitalization of $732.49 million, a PE ratio of 35.28, a P/E/G ratio of 2.13 and a beta of 1.29. Whitestone REIT has a 52 week low of $10.77 and a 52 week high of $15.36. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The company has a fifty day moving average price of $13.59 and a 200 day moving average price of $13.86.

Whitestone REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, June 2nd will be given a dividend of $0.045 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 3.73%. Whitestone REIT’s dividend payout ratio is currently 76.06%.

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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