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

Whitestone REIT logo with Finance background

Equities researchers at StockNews.com assumed coverage on shares of Whitestone REIT (NYSE:WSR - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "hold" rating on the real estate investment trust's stock.

A number of other research analysts have also recently commented on WSR. 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. Truist Financial boosted their price objective on Whitestone REIT from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 29th.

Read Our Latest Research Report on WSR

Whitestone REIT Stock Up 1.4 %

Shares of NYSE:WSR traded up $0.19 during mid-day trading on Friday, hitting $13.66. 130,521 shares of the company traded hands, compared to its average volume of 183,182. The stock has a market cap of $692.08 million, a P/E ratio of 33.33, a P/E/G ratio of 2.15 and a beta of 1.26. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36. The stock has a 50-day moving average price of $13.87 and a two-hundred day moving average price of $13.80.

Whitestone REIT Company Profile

(Get Free Report)

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.

Further Reading

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