Whitestone REIT (NYSE:WSR) Coverage Initiated at StockNews.com

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

A number of other equities research analysts have also recently commented on WSR. Truist Financial increased their target price on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research 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 research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Whitestone REIT has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Whitestone REIT Stock Performance

Shares of NYSE WSR opened at $14.88 on Thursday. The company’s fifty day moving average price is $14.02 and its 200 day moving average price is $13.52. Whitestone REIT has a 1 year low of $10.77 and a 1 year high of $15.01. The company has a market capitalization of $753.67 million, a PE ratio of 36.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.26. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17.

Insider Buying and Selling at Whitestone REIT

In other news, Director Julia Bruns Buthman bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $12.99 per share, with a total value of $64,950.00. Following the purchase, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. This trade represents a 161.66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 5.50% of the stock is currently owned by corporate 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.