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

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

WSR has been the topic of a number of other research reports. Truist Financial lifted their target price on Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price target on shares of Whitestone REIT in a research report on Tuesday, December 10th.

Whitestone REIT Trading Down 4.7 %

Shares of Whitestone REIT stock opened at $13.52 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The company has a fifty day simple moving average of $13.87 and a 200-day simple moving average of $13.99. The stock has a market cap of $688.30 million, a price-to-earnings ratio of 32.99, a PEG ratio of 2.13 and a beta of 0.89. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36.

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.