Whitestone REIT (NYSE:WSR) Coverage Initiated at StockNews.com

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

Several other research analysts also recently weighed in on the stock. Truist Financial lifted their target price on shares of Whitestone REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research 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 report on Tuesday, December 10th.

Whitestone REIT Trading Down 2.1 %

Shares of NYSE:WSR opened at $13.76 on Tuesday. The stock has a market capitalization of $696.64 million, a price-to-earnings ratio of 33.55, a PEG ratio of 2.13 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. The company has a 50 day moving average price of $13.58 and a 200 day moving average price of $13.82. Whitestone REIT has a 1-year low of $10.77 and a 1-year 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.