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

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

Separately, Truist Financial lifted their target price on Whitestone REIT from $15.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, March 18th.

Whitestone REIT Price Performance

Shares of NYSE:WSR traded up $0.19 on Tuesday, hitting $12.73. The company had a trading volume of 168,220 shares, compared to its average volume of 234,288. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The company has a market cap of $647.89 million, a PE ratio of 31.05, a PEG ratio of 2.13 and a beta of 0.89. Whitestone REIT has a 52-week low of $11.37 and a 52-week high of $15.36. The business has a 50 day moving average of $13.68 and a 200 day moving average of $13.91.

Whitestone REIT (NYSE:WSR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. The business had revenue of $37.40 million during the quarter, compared to analyst estimates of $38.95 million. As a group, equities analysts anticipate that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

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.