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

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

Other research analysts also recently issued research reports about the stock. JMP Securities restated a “market outperform” rating and issued a $16.00 price target on shares of Whitestone REIT in a research report on Tuesday, December 10th. Truist Financial boosted 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Whitestone REIT has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

Whitestone REIT Trading Down 1.7 %

WSR opened at $13.36 on Thursday. Whitestone REIT has a fifty-two week low of $10.77 and a fifty-two week high of $15.36. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $676.43 million, a price-to-earnings ratio of 32.57, a PEG ratio of 2.13 and a beta of 1.27. The company’s 50 day moving average price is $14.19 and its two-hundred day moving average price is $13.84.

Whitestone REIT (NYSE:WSR) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). Whitestone REIT had a return on equity of 4.98% and a net margin of 13.97%. The business had revenue of $38.63 million for the quarter, compared to the consensus estimate of $38.45 million. During the same period in the previous year, the firm earned $0.23 earnings per share. As a group, research analysts predict that Whitestone REIT will post 0.99 earnings per share for the current year.

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.