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

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

Other equities research analysts also recently issued reports about the company. Truist Financial lifted their price objective on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 29th. JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of Whitestone REIT in a research note on Tuesday, December 10th.

Whitestone REIT Price Performance

NYSE WSR opened at $13.57 on Friday. Whitestone REIT has a one year low of $10.77 and a one year high of $15.36. The stock has a 50-day moving average of $13.82 and a 200 day moving average of $13.80. The company has a market capitalization of $687.07 million, a price-to-earnings ratio of 33.09, a PEG ratio of 2.15 and a beta of 1.26. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17.

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.