Equities research analysts at StockNews.com initiated coverage on shares of Whitestone REIT (NYSE:WSR - Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a "buy" rating on the real estate investment trust's stock.
→ How This Trader Banked A 97% Win Rate (From Investing Daily)
A number of other analysts also recently issued reports on the company. Truist Financial lifted their price objective on Whitestone REIT from $9.00 to $10.00 in a research note on Friday, December 2nd. EF Hutton Acquisition Co. I reiterated a "buy" rating and issued a $13.00 target price on shares of Whitestone REIT in a report on Wednesday, March 1st. Finally, Colliers Securities dropped their target price on Whitestone REIT to $13.00 in a report on Wednesday, November 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.10.
Shares of WSR opened at $9.06 on Thursday. The business's 50 day moving average is $9.93 and its 200 day moving average is $9.53. The company has a market capitalization of $447.75 million, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. Whitestone REIT has a 12-month low of $8.15 and a 12-month high of $13.66. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.47.
In related news, Director Amy Shih-Hua Feng purchased 3,650 shares of Whitestone REIT stock in a transaction dated Friday, March 3rd. The stock was purchased at an average cost of $9.67 per share, with a total value of $35,295.50. Following the transaction, the director now owns 8,742 shares in the company, valued at approximately $84,535.14. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.60% of the company's stock.
Whitestone REIT engages in the operation of commercial properties in culturally diverse markets of major metropolitan areas. The company was founded on August 20, 1998 and is headquartered in Houston, TX.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Whitestone REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Whitestone REIT wasn't on the list.
While Whitestone REIT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
