Whitestone REIT (NYSE:WSR) Given Market Outperform Rating at JMP Securities

Whitestone REIT (NYSE:WSR - Get Free Report)'s stock had its "market outperform" rating restated by stock analysts at JMP Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $16.00 price target on the real estate investment trust's stock. JMP Securities' price objective indicates a potential upside of 30.51% from the company's previous close.

Several other research analysts have also commented on the company. Truist Financial cut their price objective on Whitestone REIT from $16.00 to $14.00 and set a "buy" rating for the company in a report on Monday, May 12th. Wall Street Zen raised Whitestone REIT to a "sell" rating in a report on Saturday, June 14th.

Whitestone REIT Price Performance

WSR stock traded down $0.14 during mid-day trading on Wednesday, reaching $12.26. 418,679 shares of the company traded hands, compared to its average volume of 263,737. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market capitalization of $624.03 million, a P/E ratio of 20.43, a P/E/G ratio of 1.96 and a beta of 0.92. Whitestone REIT has a 52-week low of $11.78 and a 52-week high of $15.36. The company has a fifty day moving average price of $12.61 and a 200-day moving average price of $13.41.

Whitestone REIT (NYSE:WSR - Get Free Report) last issued 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 company had revenue of $37.40 million during the quarter, compared to analyst estimates of $38.95 million. As a group, analysts anticipate that Whitestone REIT will post 0.99 earnings per share for the current year.

Insider Buying and Selling

In other 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 bought at an average price of $12.35 per share, for a total transaction of $61,750.00. Following the transaction, the director now directly owns 21,708 shares of the company's stock, valued at $268,093.80. This represents a 29.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is currently owned by corporate 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.