Whitestone REIT (NYSE:WSR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Whitestone REIT (NYSE:WSR) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.80.

A number of brokerages have weighed in on WSR. Cantor Fitzgerald downgraded Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. LADENBURG THALM/SH SH cut Whitestone REIT from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Whitestone REIT in a research note on Friday, July 10th. Citizens Jmp lowered Whitestone REIT from a “market outperform” rating to a “hold” rating in a report on Friday, April 10th. Finally, Truist Financial cut Whitestone REIT from a “buy” rating to a “hold” rating and increased their price target for the company from $17.00 to $19.00 in a research note on Thursday, April 9th.

Whitestone REIT Price Performance

Shares of WSR stock opened at $18.99 on Friday. Whitestone REIT has a 52-week low of $11.43 and a 52-week high of $19.10. The stock has a market cap of $975.97 million, a price-to-earnings ratio of 19.78 and a beta of 0.78. The firm’s 50-day moving average is $18.99 and its 200-day moving average is $17.36. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.34 and a current ratio of 1.34.

Whitestone REIT Company Profile

Whitestone REIT is a real estate investment trust headquartered in San Antonio, Texas, that specializes in the acquisition, development and management of retail and mixed-use properties. The company’s portfolio is concentrated in high-growth Texas markets, including the Dallas–Fort Worth metroplex, Houston, Austin and San Antonio, where it primarily owns open-air neighborhood and community shopping centers. Whitestone REIT focuses on convenience- and necessity-based retail, partnering with grocers, fitness operators, service providers and other essential tenants to drive consistent foot traffic and stable occupancy.

In addition to property ownership, Whitestone REIT provides asset and property management services, leasing expertise and development capabilities.