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

Equities researchers at StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR) in a report released on Tuesday. The firm set a “hold” rating on the real estate investment trust’s stock.

WSR has been the subject of several other reports. Truist Financial boosted their price objective on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 29th. JMP Securities reissued a “market outperform” rating and set a $16.00 price target on shares of Whitestone REIT in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

Whitestone REIT Price Performance

WSR stock opened at $13.80 on Tuesday. The company’s 50-day moving average price is $14.38 and its two-hundred day moving average price is $13.82. The firm has a market cap of $698.91 million, a P/E ratio of 33.66, a P/E/G ratio of 2.46 and a beta of 1.27. 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 12 month low of $10.77 and a 12 month high of $15.36.

Whitestone REIT Company Profile

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.