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

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

Several other research firms also recently weighed in on WSR. Truist Financial lifted their target price on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. JMP Securities reissued a “market outperform” rating and issued a $15.00 price objective on shares of Whitestone REIT in a research report on Thursday, September 19th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.33.

Whitestone REIT Trading Up 1.2 %

WSR stock opened at $14.56 on Friday. The firm’s fifty day simple moving average is $14.21 and its two-hundred day simple moving average is $13.61. The stock has a market capitalization of $737.46 million, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 2.43 and a beta of 1.26. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a twelve month low of $10.77 and a twelve month high of $15.01.

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.