Whitestone REIT (NYSE:WSR) Raised to Hold at Wall Street Zen

Whitestone REIT (NYSE:WSR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

A number of other analysts have also recently issued reports on WSR. JMP Securities reissued a "market outperform" rating and issued a $16.00 price objective on shares of Whitestone REIT in a research note on Wednesday, June 18th. Truist Financial cut their price target on Whitestone REIT from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Monday, May 12th.

Whitestone REIT Stock Performance

Shares of WSR stock traded up $0.02 during mid-day trading on Friday, reaching $12.62. 289,810 shares of the company's stock traded hands, compared to its average volume of 265,001. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market capitalization of $642.36 million, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.01 and a beta of 0.90. Whitestone REIT has a 12 month low of $11.78 and a 12 month high of $15.36. The firm has a 50 day moving average price of $12.47 and a two-hundred day moving average price of $13.25.

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 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Whitestone REIT had a return on equity of 7.23% and a net margin of 20.15%. The firm had revenue of $37.40 million for the quarter, compared to the consensus estimate of $38.95 million. On average, research analysts forecast that Whitestone REIT will post 0.99 EPS for the current year.

Insider Transactions at Whitestone REIT

In related news, Director Donald A. Miller bought 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was purchased at an average price of $12.35 per share, for a total transaction of $61,750.00. Following the completion of the transaction, the director owned 21,708 shares in the company, valued at $268,093.80. The trade was a 29.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Whitestone REIT Company Profile

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.