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

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

Separately, Truist Financial boosted their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th.

Whitestone REIT Price Performance

Shares of NYSE:WSR opened at $13.22 on Tuesday. The firm has a 50 day moving average of $13.71 and a 200-day moving average of $13.93. The stock has a market capitalization of $672.83 million, a PE ratio of 32.24, a PEG ratio of 2.13 and a beta of 0.89. 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 $11.37 and a 12 month 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.