According to a story published on Tuesday by The Fly, the research analysts at Truist Financial allegedly covered the shares of Whitestone REIT (NYSE: WSR) in a letter to investors sent out on Monday. The brokerage firm strongly recommended that they “keep” the shares of the real estate investment trust they already owned.
In recent years, WSR has received feedback from many experienced individuals in stock research. In a research report that was released on Thursday, July 7th, JMP Securities upgraded their rating of Whitestone REIT from “market perform” to “outperform” and established a price objective of $13.00 for the company in a research report that was B. Riley stated in a research note issued on Friday, August 5th that the price target for Whitestone REIT shares have been reduced from $13.00 to $11.50. B. Riley made this announcement.
Two market analysts have recommended purchasing the stock, while three others have kept a hold rating in their recommendations. The current consensus rating for Whitestone REIT is “Hold,” and the average price target has been set at $13.17, according to the data that Bloomberg provided. The stock WSR started the trading day on Tuesday for $10.26.
Over the previous 52 weeks, the price of Whitestone REIT has ranged from as low as $9.05 to as high as $13.66. The company’s moving average over the previous 200 days is $11.77, while the moving average over the previous 50 days is $10.69. There is a debt-to-equity ratio of 1.57. The current ratio is 2.24, the quick ratio is also 2.24, and both are the same. The current market capitalization of the business is $506.54 million, with a price-to-earnings ratio of 30.18, a price-to-earnings-to-growth ratio of 1.69, and a beta coefficient of 1.18. Whitestone is a community-focused retail real estate investment trust that invests in, purchases, owns, operates, develops, and redevelops high-quality open-air neighborhood malls. Whitestone also redevelops existing malls.
The emphasis is placed on cities in the Sunbelt region that are among the most populous, most rapidly growing, and wealthiest in the country. Whitestone’s mission is to cultivate thriving communities by fostering local relationships between customers in the neighboring towns and a carefully chosen mix of national, regional, and local tenants who provide day-to-day necessities, essential services, entertainment, and experiences.
It is done by making it easy for people in the nearby towns to do business with a carefully chosen mix of national, regional, and local tenants.