Whitestone REIT (NYSE:WSR) Shares Pass Above 200 Day Moving Average – Here’s Why

Whitestone REIT (NYSE:WSRGet Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.60 and traded as high as $13.58. Whitestone REIT shares last traded at $13.5520, with a volume of 194,457 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WSR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday. Truist Financial lifted their target price on Whitestone REIT from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $15.50.

Read Our Latest Stock Analysis on WSR

Whitestone REIT Stock Up 0.6%

The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $691.42 million, a P/E ratio of 15.94, a P/E/G ratio of 2.14 and a beta of 0.82. The business has a 50-day moving average price of $12.75 and a 200 day moving average price of $12.60.

Whitestone REIT (NYSE:WSRGet Free Report) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Whitestone REIT had a net margin of 28.16% and a return on equity of 10.10%. The business had revenue of $41.05 million for the quarter, compared to the consensus estimate of $39.21 million. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. On average, equities analysts expect that Whitestone REIT will post 0.99 EPS for the current fiscal year.

About Whitestone REIT

(Get Free Report)

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.

Further Reading

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