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

Equities researchers at StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR) in a note issued to investors on Saturday. The firm set a “hold” rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a report on Tuesday. Truist Financial increased their price target on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Whitestone REIT presently has an average rating of “Moderate Buy” and a consensus price target of $15.67.

Whitestone REIT Stock Performance

Shares of WSR opened at $14.64 on Friday. The firm has a market cap of $741.52 million, a price-to-earnings ratio of 35.71, a PEG 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. The business’s 50 day moving average is $14.33 and its two-hundred day moving average is $13.69. Whitestone REIT has a 52-week low of $10.77 and a 52-week 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.