Whitestone REIT (NYSE:WSR) Earns Market Outperform Rating from JMP Securities

Whitestone REIT (NYSE:WSR - Get Free Report)'s stock had its "market outperform" rating restated by equities research analysts at JMP Securities in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $15.00 price objective on the real estate investment trust's stock. JMP Securities' price objective suggests a potential upside of 34.65% from the stock's current price.

A number of other brokerages also recently issued reports on WSR. B. Riley restated a "neutral" rating on shares of Whitestone REIT in a research report on Friday, February 2nd. Alliance Global Partners began coverage on shares of Whitestone REIT in a research note on Monday, March 18th. They set a "buy" rating and a $15.00 price target for the company. Finally, Truist Financial raised shares of Whitestone REIT from a "hold" rating to a "buy" rating and increased their price objective for the stock from $11.00 to $13.50 in a research report on Tuesday, January 16th. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.63.

Whitestone REIT Price Performance

Shares of Whitestone REIT stock traded down $0.60 during trading hours on Wednesday, reaching $11.14. The company's stock had a trading volume of 540,077 shares, compared to its average volume of 340,540. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.80 and a quick ratio of 1.80. Whitestone REIT has a one year low of $8.21 and a one year high of $13.12. The firm has a 50 day moving average price of $12.27 and a 200-day moving average price of $11.49. The stock has a market cap of $556.55 million, a P/E ratio of 29.32, a P/E/G ratio of 1.88 and a beta of 1.19.

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.