Whitestone REIT (NYSE:WSR) Stock Price Expected to Rise, Truist Financial Analyst Says

Whitestone REIT (NYSE:WSR) had its price objective lifted by equities research analysts at Truist Financial from $15.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective points to a potential upside of 12.09% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Whitestone REIT in a report on Monday, December 29th. LADENBURG THALM/SH SH assumed coverage on Whitestone REIT in a research report on Tuesday, January 13th. They issued a “buy” rating and a $17.00 target price for the company. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Whitestone REIT in a research report on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $16.33.

Whitestone REIT Stock Performance

Shares of Whitestone REIT stock opened at $14.27 on Tuesday. The firm has a market capitalization of $728.26 million, a P/E ratio of 16.79 and a beta of 0.81. Whitestone REIT has a 52 week low of $11.43 and a 52 week high of $14.77. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.44. The firm’s 50 day moving average is $13.60 and its two-hundred day moving average is $12.89.

Whitestone REIT (NYSE:WSR) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting 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 during 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. Research analysts forecast that Whitestone REIT will post 0.99 EPS for the current fiscal year.

Whitestone REIT declared that its board has initiated a share buyback plan on Friday, December 19th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.