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

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

Several other brokerages have also recently issued reports on WSR. Truist Financial boosted their price objective on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 29th. JMP Securities reissued a “market outperform” rating and set a $16.00 price target on shares of Whitestone REIT in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.67.

Whitestone REIT Stock Up 0.6 %

Whitestone REIT stock opened at $13.40 on Friday. The business’s 50-day simple moving average is $14.07 and its two-hundred day simple moving average is $13.84. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market cap of $678.86 million, a PE ratio of 32.69, a PEG ratio of 2.12 and a beta of 1.27. Whitestone REIT has a fifty-two week low of $10.77 and a fifty-two week high of $15.36.

Whitestone REIT (NYSE:WSR) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.10). The business had revenue of $38.63 million during the quarter, compared to analyst estimates of $38.45 million. Whitestone REIT had a return on equity of 4.98% and a net margin of 13.97%. During the same quarter last year, the company posted $0.23 EPS. Equities analysts anticipate that Whitestone REIT will post 0.99 EPS for the current year.

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.