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

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

Separately, Truist Financial reduced their target price on shares of Whitestone REIT from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday.

Whitestone REIT Stock Performance

WSR stock opened at $12.35 on Thursday. Whitestone REIT has a twelve month low of $11.78 and a twelve month high of $15.36. The firm has a market cap of $628.57 million, a price-to-earnings ratio of 30.12, a PEG ratio of 2.13 and a beta of 0.93. The business’s fifty day simple moving average is $13.49 and its two-hundred day simple moving average is $13.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49.

Whitestone REIT (NYSE:WSR) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $38.95 million. Analysts predict that Whitestone REIT will post 0.99 earnings per share for the current 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.