Whitestone REIT (NYSE:WSR - Get Free Report) was downgraded by Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a note issued to investors on Wednesday,Weiss Ratings reports.
WSR has been the topic of a number of other reports. Wall Street Zen upgraded shares of Whitestone REIT from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of Whitestone REIT in a report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.00.
View Our Latest Research Report on Whitestone REIT
Whitestone REIT Price Performance
Shares of WSR stock traded down $0.04 during midday trading on Wednesday, reaching $11.64. 51,155 shares of the company were exchanged, compared to its average volume of 233,000. Whitestone REIT has a 12 month low of $11.58 and a 12 month high of $15.36. The company has a market cap of $593.87 million, a P/E ratio of 17.92, a PEG ratio of 1.88 and a beta of 0.95. The company's 50 day moving average price is $12.54 and its two-hundred day moving average price is $12.71. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.41 and a current ratio of 2.41.
Whitestone REIT (NYSE:WSR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. Whitestone REIT had a net margin of 21.70% and a return on equity of 7.76%. The company had revenue of $37.68 million for the quarter, compared to the consensus estimate of $38.55 million. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. On average, sell-side analysts expect that Whitestone REIT will post 0.99 earnings per share for the current year.
Whitestone REIT Company Profile
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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.
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