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

StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR) in a research note issued on Tuesday. The firm set a “hold” rating on the real estate investment trust’s stock.

WSR has been the subject of several other research reports. JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of Whitestone REIT in a report on Tuesday, December 10th. Truist Financial lifted 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.67.

Whitestone REIT Price Performance

Shares of WSR opened at $13.80 on Tuesday. The business has a 50-day moving average of $14.38 and a 200-day moving average of $13.82. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market capitalization of $698.91 million, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27. Whitestone REIT has a 1 year low of $10.77 and a 1 year high of $15.36.

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.