Whitestone REIT (NYSE:WSR) was the recipient of a large decline in short interest in the month of November. As of November 29th, there was short interest totalling 995,800 shares, a decline of 25.1% from the November 14th total of 1,330,000 shares. Based on an average daily volume of 213,300 shares, the short-interest ratio is presently 4.7 days. Currently, 2.7% of the shares of the company are short sold.

Shares of NYSE:WSR opened at $13.54 on Thursday. The firm has a 50 day moving average of $13.92 and a 200-day moving average of $13.15. The stock has a market capitalization of $558.15 million, a PE ratio of 11.67 and a beta of 1.00. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.87. Whitestone REIT has a 12 month low of $11.50 and a 12 month high of $14.65.

Whitestone REIT (NYSE:WSR) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $29.88 million during the quarter, compared to analyst estimates of $29.99 million. Whitestone REIT had a net margin of 13.75% and a return on equity of 4.55%. On average, research analysts predict that Whitestone REIT will post 0.92 EPS for the current fiscal year.

The company also recently announced a — dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be given a $0.095 dividend. This represents a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, December 2nd. Whitestone REIT’s payout ratio is presently 98.28%.

Separately, Zacks Investment Research raised shares of Whitestone REIT from a “sell” rating to a “hold” rating in a report on Saturday, December 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Whitestone REIT presently has an average rating of “Hold” and a consensus price target of $14.33.

Whitestone REIT Company Profile

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.

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