Stock analysts at StockNews.com began coverage on shares of Whitestone REIT (NYSE:WSR – Get Free Report) in a research note issued to investors on Saturday. The firm set a “hold” rating on the real estate investment trust’s stock.
WSR has been the subject of a number of other reports. JMP Securities reissued a “market outperform” rating and issued a $15.00 price target on shares of Whitestone REIT in a research report on Thursday, September 19th. Truist Financial increased their target price on shares of Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.
Check Out Our Latest Stock Report on WSR
Whitestone REIT Stock Performance
Insiders Place Their Bets
In related news, Director Julia Bruns Buthman purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of $12.99 per share, with a total value of $64,950.00. Following the acquisition, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.50% of the company’s stock.
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.
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