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

Whitestone REIT (NYSE:WSR - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued research reports about the company. JMP Securities restated a "market outperform" rating and issued a $16.00 target price on shares of Whitestone REIT in a report on Wednesday, June 18th. Truist Financial reduced their target price on Whitestone REIT from $16.00 to $14.00 and set a "buy" rating for the company in a report on Monday, May 12th.

Whitestone REIT Price Performance

Shares of NYSE:WSR opened at $12.74 on Friday. Whitestone REIT has a one year low of $11.78 and a one year high of $15.36. The stock has a fifty day moving average of $12.49 and a 200-day moving average of $13.28. The company has a market capitalization of $648.47 million, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.02 and a current ratio of 3.02.

Whitestone REIT (NYSE:WSR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Whitestone REIT had a return on equity of 7.23% and a net margin of 20.15%. The company had revenue of $37.40 million during the quarter, compared to the consensus estimate of $38.95 million. As a group, equities analysts anticipate that Whitestone REIT will post 0.99 EPS for the current fiscal year.

Insider Activity

In other Whitestone REIT news, Director Donald A. Miller bought 5,000 shares of Whitestone REIT stock in a transaction dated Wednesday, May 28th. The stock was bought at an average price of $12.35 per share, for a total transaction of $61,750.00. Following the completion of the acquisition, the director directly owned 21,708 shares of the company's stock, valued at approximately $268,093.80. This trade represents a 29.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.

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.

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