Whitestone REIT (WSR) Stock Rating Upgraded by ValuEngine

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Whitestone REIT (NYSE:WSR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

A number of other research firms have also recently weighed in on WSR. TheStreet raised Whitestone REIT from a “c+” rating to a “b-” rating in a research report on Monday, February 4th. Zacks Investment Research raised Whitestone REIT from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Sunday, January 6th. Boenning Scattergood reaffirmed a “buy” rating on shares of Whitestone REIT in a report on Friday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating on shares of Whitestone REIT in a report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Whitestone REIT currently has a consensus rating of “Buy” and an average price target of $13.42.

NYSE WSR opened at $14.25 on Tuesday. Whitestone REIT has a one year low of $10.06 and a one year high of $14.55. The stock has a market capitalization of $571.14 million, a P/E ratio of 11.40 and a beta of 1.20. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.94.

A hedge fund recently bought a new stake in Whitestone REIT stock. Bank of New York Mellon Corp bought a new position in shares of Whitestone REIT (NYSE:WSR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 625,299 shares of the real estate investment trust’s stock, valued at approximately $7,804,000. Bank of New York Mellon Corp owned about 1.57% of Whitestone REIT as of its most recent SEC filing. 52.87% of the stock is owned by institutional investors.

Whitestone REIT Company Profile

Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provide daily necessities, needed services and entertainment to the communities in which they are located.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Whitestone REIT (NYSE:WSR)

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