Whitestone REIT (NYSE:WSR) Receives Average Rating of “Hold” from Analysts

Whitestone REIT (NYSE:WSR) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $17.80.

Several analysts recently issued reports on WSR shares. Alliance Global Partners downgraded Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. Truist Financial cut Whitestone REIT from a “buy” rating to a “hold” rating and increased their price objective for the stock from $17.00 to $19.00 in a research report on Thursday, April 9th. Colliers Securities set a $19.00 target price on Whitestone REIT in a report on Friday, April 10th. B. Riley Financial cut shares of Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Citizens Jmp downgraded shares of Whitestone REIT from a “market outperform” rating to a “hold” rating in a research note on Friday, April 10th.

Whitestone REIT Stock Performance

Shares of NYSE:WSR opened at $18.99 on Friday. Whitestone REIT has a 12-month low of $11.43 and a 12-month high of $19.10. The business has a 50 day moving average of $18.99 and a 200-day moving average of $17.36. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.39. The stock has a market cap of $975.97 million, a PE ratio of 19.78 and a beta of 0.78.

About Whitestone REIT

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.