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

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

WSR has been the topic of several other research reports. Truist Financial boosted their target price 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 issued a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th.

Whitestone REIT Stock Performance

Shares of WSR opened at $13.34 on Monday. The firm has a market capitalization of $675.36 million, a PE ratio of 32.53, a P/E/G ratio of 2.13 and a beta of 1.26. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The firm has a 50-day moving average price of $13.72 and a 200 day moving average price of $13.81. Whitestone REIT has a 52-week low of $10.77 and a 52-week high of $15.36.

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.