Whitestone REIT (NYSE:WSR) Earns Hold Rating from Analysts at StockNews.com

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

A number of other equities research analysts have also recently issued reports on WSR. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a research note on Thursday, September 19th. Truist Financial lifted their price objective on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Whitestone REIT Stock Down 1.0 %

Shares of Whitestone REIT stock opened at $13.64 on Monday. The company has a quick ratio of 1.93, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a fifty-two week low of $10.13 and a fifty-two week high of $14.54. The business has a 50-day moving average price of $13.61 and a 200 day moving average price of $13.17. The firm has a market cap of $682.82 million, a P/E ratio of 33.27, a P/E/G ratio of 2.27 and a beta of 1.25.

Insider Transactions at Whitestone REIT

In other news, Director Julia Bruns Buthman purchased 5,000 shares of Whitestone REIT stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $12.99 per share, for a total transaction of $64,950.00. Following the acquisition, the director now directly owns 8,093 shares in the company, valued at $105,128.07. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.50% of the stock is owned by insiders.

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.