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

Research analysts at StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR) in a report issued on Sunday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on WSR. 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. Truist Financial increased their price objective on shares of Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Whitestone REIT has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Whitestone REIT Price Performance

NYSE WSR opened at $14.17 on Friday. The stock has a market capitalization of $709.35 million, a price-to-earnings ratio of 45.71, a PEG ratio of 2.32 and a beta of 1.26. Whitestone REIT has a 1-year low of $9.32 and a 1-year high of $14.54. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.93 and a quick ratio of 1.93. The business’s fifty day moving average price is $13.54 and its 200-day moving average price is $13.07.

Insider Buying and Selling at Whitestone REIT

In other news, Director Julia Bruns Buthman bought 5,000 shares of Whitestone REIT stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $12.99 per share, with a total value of $64,950.00. Following the acquisition, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is currently owned by corporate insiders.

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.