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

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

Other equities research analysts also recently issued research reports about the stock. JMP Securities reiterated a “market outperform” rating and set a $15.00 price target on shares of Whitestone REIT in a research note on Thursday, September 19th. Truist Financial raised their target price on Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Whitestone REIT Stock Performance

NYSE:WSR opened at $13.64 on Monday. The firm’s 50-day moving average is $13.61 and its 200-day moving average is $13.17. The company has a market cap of $682.82 million, a price-to-earnings ratio of 33.27, a PEG ratio of 2.27 and a beta of 1.25. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.93 and a current ratio of 2.17. Whitestone REIT has a 52-week low of $10.13 and a 52-week high of $14.54.

Insider Activity at Whitestone REIT

In other Whitestone REIT news, Director Julia Bruns Buthman acquired 5,000 shares of Whitestone REIT stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $12.99 per share, with a total value of $64,950.00. Following the completion of the purchase, the director now owns 8,093 shares in the company, valued at $105,128.07. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.50% of the company’s stock.

Whitestone REIT Company Profile

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.