Whitestone REIT (NYSE:WSR) Now Covered by StockNews.com

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

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

Whitestone REIT Stock Up 1.0 %

Whitestone REIT stock opened at $14.59 on Wednesday. The stock has a market capitalization of $738.98 million, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.37 and a beta of 1.26. Whitestone REIT has a 12 month low of $10.77 and a 12 month high of $14.80. The business has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $13.44. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17.

Insider Transactions at Whitestone REIT

In related news, Director Julia Bruns Buthman acquired 5,000 shares of the 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 of the company’s stock, valued at approximately $105,128.07. This represents a 161.66 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.