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

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

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

Whitestone REIT Stock Up 0.6 %

NYSE WSR opened at $13.40 on Friday. The company has a current ratio of 2.17, a quick 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. The stock’s 50 day moving average is $14.07 and its 200 day moving average is $13.84. The stock has a market cap of $678.86 million, a PE ratio of 32.69, a P/E/G ratio of 2.12 and a beta of 1.27.

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

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.