Whitestone REIT (NYSE:WSR) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR) in a research note issued to investors on Saturday. The firm set a “hold” rating on the real estate investment trust’s stock.

WSR has been the subject of a number of other research reports. Truist Financial lifted their target price on Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Whitestone REIT Stock Up 0.7 %

Shares of NYSE:WSR opened at $14.49 on Friday. The stock has a fifty day simple moving average of $13.45 and a two-hundred day simple moving average of $12.97. The stock has a market capitalization of $723.92 million, a price-to-earnings ratio of 30.19, a PEG ratio of 2.32 and a beta of 1.26. Whitestone REIT has a 12-month low of $9.18 and a 12-month high of $14.54. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.57.

Insider Activity

In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $12.99 per share, for a total transaction of $64,950.00. Following the completion of the transaction, the director now directly owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 5.50% of the company’s stock.

About Whitestone REIT

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.