Whitestone REIT (NYSE:WSR) announced a monthly dividend on Tuesday, March 24th, Zacks reports. Stockholders of record on Tuesday, April 7th will be paid a dividend of 0.035 per share by the real estate investment trust on Wednesday, April 15th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend is Monday, April 6th.
Whitestone REIT has a dividend payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings.
NYSE WSR traded up $0.66 during trading hours on Thursday, reaching $6.75. The company’s stock had a trading volume of 39,718 shares, compared to its average volume of 531,423. The firm has a market capitalization of $256.08 million, a price-to-earnings ratio of 12.20 and a beta of 1.03. Whitestone REIT has a 1-year low of $5.61 and a 1-year high of $14.65. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.84 and a quick ratio of 1.84. The company’s 50-day moving average is $11.46 and its two-hundred day moving average is $13.07.
Separately, Zacks Investment Research raised Whitestone REIT from a “sell” rating to a “hold” rating in a report on Saturday, December 7th.
In other news, CEO James C. Mastandrea bought 10,000 shares of Whitestone REIT stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $12.39 per share, with a total value of $123,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,198,932 shares of the company’s stock, valued at $14,854,767.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Alan Jones bought 6,250 shares of Whitestone REIT stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $12.00 per share, with a total value of $75,000.00. Following the acquisition, the director now directly owns 6,250 shares of the company’s stock, valued at $75,000. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.
About Whitestone REIT
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "E-Commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provides daily necessities, needed services and entertainment to the communities in which they are located.
Featured Article: What is the S&P/ASX 200 Index?
Receive News & Ratings for Whitestone REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitestone REIT and related companies with MarketBeat.com's FREE daily email newsletter.