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

Research analysts at StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR - Get Free Report) in a research note issued on Monday. The brokerage set a "hold" rating on the real estate investment trust's stock.

WSR has been the subject of several other research reports. Truist Financial increased their price objective 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. JMP Securities reaffirmed a "market outperform" rating and set a $15.00 price objective on shares of Whitestone REIT in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Whitestone REIT Trading Up 2.6 %

Shares of Whitestone REIT stock traded up $0.36 during trading hours on Monday, hitting $13.96. The company's stock had a trading volume of 295,425 shares, compared to its average volume of 322,887. The company has a market capitalization of $698.91 million, a PE ratio of 34.05, a price-to-earnings-growth ratio of 2.27 and a beta of 1.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.17 and a quick ratio of 1.93. The stock has a 50 day moving average of $13.61 and a 200 day moving average of $13.19. Whitestone REIT has a 12 month low of $10.22 and a 12 month high of $14.54.

Insider Buying and Selling

In related news, Director Julia Bruns Buthman purchased 5,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now directly owns 8,093 shares of the company's stock, valued at $105,128.07. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through 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.