StockNews.com Begins Coverage on Whitestone REIT (NYSE:WSR)

Investment analysts at StockNews.com assumed coverage on shares of Whitestone REIT (NYSE:WSR) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on WSR. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a research note on Tuesday, December 10th. Truist Financial upped their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Whitestone REIT has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

Whitestone REIT Stock Down 0.9 %

WSR stock opened at $13.55 on Tuesday. The business has a 50 day moving average of $14.36 and a 200 day moving average of $13.82. The firm has a market cap of $686.25 million, a PE ratio of 33.05, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.36. 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 Company Profile

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.