Wall Street Zen Upgrades Whitestone REIT (NYSE:WSR) to Sell

Whitestone REIT (NYSE:WSR - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "sell" rating in a note issued to investors on Saturday.

Separately, Truist Financial dropped their target price on Whitestone REIT from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Monday, May 12th.

Whitestone REIT Trading Up 0.7%

NYSE:WSR traded up $0.09 during midday trading on Friday, hitting $12.33. The stock had a trading volume of 266,698 shares, compared to its average volume of 264,847. Whitestone REIT has a one year low of $11.78 and a one year high of $15.36. The company has a market capitalization of $627.60 million, a price-to-earnings ratio of 20.55, a PEG ratio of 1.95 and a beta of 0.92. The stock has a 50-day moving average of $12.65 and a 200 day moving average of $13.46. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.47.

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 earnings per share (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 company had revenue of $37.40 million for the quarter, compared to analysts' expectations of $38.95 million. As a group, sell-side analysts forecast that Whitestone REIT will post 0.99 EPS for the current year.

Insider Buying and Selling at Whitestone REIT

In related news, Director Donald A. Miller bought 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were acquired at an average price of $12.35 per share, with a total value of $61,750.00. Following the transaction, the director now owns 21,708 shares of the company's stock, valued at $268,093.80. The trade was a 29.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.20% of the company's stock.

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.