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

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

WSR has been the subject of a number of other research reports. JMP Securities restated a “market outperform” rating and issued a $15.00 target price on shares of Whitestone REIT in a report on Thursday, September 19th. Truist Financial increased their target price on shares of Whitestone REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Whitestone REIT Stock Performance

WSR opened at $14.88 on Thursday. The company has a market capitalization of $753.67 million, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.26. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 2.17. Whitestone REIT has a 1-year low of $10.77 and a 1-year high of $15.01. The business has a 50 day moving average price of $14.02 and a two-hundred day moving average price of $13.52.

Insider Buying and Selling

In other news, Director Julia Bruns Buthman purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $12.99 per share, with a total value of $64,950.00. Following the acquisition, the director now directly owns 8,093 shares of the company’s stock, valued at approximately $105,128.07. This represents a 161.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.50% of the stock is currently owned by corporate insiders.

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.