Whitestone REIT (NYSE:WSR) Share Price Passes Above 200-Day Moving Average of $9.48

Whitestone REIT (NYSE:WSR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.48 and traded as high as $10.30. Whitestone REIT shares last traded at $10.18, with a volume of 237,821 shares traded.

Separately, Zacks Investment Research upgraded Whitestone REIT from a “sell” rating to a “hold” rating in a report on Wednesday, December 29th.

The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $499.97 million, a PE ratio of 36.36 and a beta of 1.32. The firm has a fifty day simple moving average of $9.79 and a 200 day simple moving average of $9.48.

Whitestone REIT (NYSE:WSR) last posted its quarterly earnings results on Tuesday, October 26th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.15). Whitestone REIT had a net margin of 10.29% and a return on equity of 2.98%. During the same period in the previous year, the firm posted $0.23 earnings per share. As a group, equities analysts predict that Whitestone REIT will post 0.87 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 11th. Stockholders of record on Wednesday, March 2nd will be paid a $0.0358 dividend. This represents a $0.43 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Tuesday, March 1st. Whitestone REIT’s dividend payout ratio is currently 153.57%.

About Whitestone REIT (NYSE:WSR)

Whitestone REIT engages in the operation of commercial properties in culturally diverse markets of major metropolitan areas. The company was founded on August 20, 1998 and is headquartered in Houston, TX.

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