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 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 reports. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a research note on Tuesday. Truist Financial boosted their price objective on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.67.

Whitestone REIT Price Performance

Shares of NYSE WSR opened at $14.64 on Friday. 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 firm has a market capitalization of $741.52 million, a PE ratio of 35.71, a P/E/G ratio of 2.43 and a beta of 1.26. Whitestone REIT has a 1-year low of $10.77 and a 1-year high of $15.01. The business’s fifty day moving average price is $14.33 and its two-hundred day moving average price is $13.69.

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.