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

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

A number of other equities research analysts also recently commented on WSR. 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 reaffirmed a “market outperform” rating and set a $15.00 target price on shares of Whitestone REIT in a report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Whitestone REIT presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Whitestone REIT Price Performance

Shares of WSR stock opened at $14.59 on Wednesday. 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 cap of $738.98 million, a P/E ratio of 35.59, a PEG ratio of 2.37 and a beta of 1.26. The stock’s 50-day moving average is $13.88 and its 200 day moving average is $13.44. Whitestone REIT has a 1-year low of $10.77 and a 1-year high of $14.80.

Insider Activity at Whitestone REIT

In related news, Director Julia Bruns Buthman purchased 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, for a total transaction of $64,950.00. Following the completion of the transaction, the director now owns 8,093 shares in the company, valued at $105,128.07. The trade was a 161.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 5.50% of the stock is owned by company insiders.

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.