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

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

Several other research firms have also recently weighed in on WSR. JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Whitestone REIT in a research note on Tuesday, December 10th. Truist Financial raised their price target on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday.

Whitestone REIT Stock Performance

Shares of Whitestone REIT stock opened at $14.39 on Thursday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The company has a market cap of $728.64 million, a PE ratio of 35.09, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The company has a 50 day moving average of $13.63 and a 200-day moving average of $13.88. Whitestone REIT has a 1-year low of $10.77 and a 1-year high of $15.36.

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.