Analysts Set Whitestone REIT (NYSE:WSR) Price Target at $17.80

Whitestone REIT (NYSE:WSR) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $17.80.

Several research firms have weighed in on WSR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Whitestone REIT in a research report on Tuesday, April 14th. Citizens Jmp lowered Whitestone REIT from a “market outperform” rating to a “hold” rating in a research report on Friday, April 10th. Cantor Fitzgerald cut Whitestone REIT from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Citigroup lowered Whitestone REIT from a “market outperform” rating to a “market perform” rating in a research report on Friday, April 10th. Finally, Colliers Securities set a $19.00 price target on Whitestone REIT in a research report on Friday, April 10th.

Whitestone REIT Price Performance

Shares of NYSE WSR opened at $19.00 on Tuesday. Whitestone REIT has a 1 year low of $11.43 and a 1 year high of $19.10. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.34 and a quick ratio of 1.34. The company’s 50-day moving average is $18.99 and its 200 day moving average is $16.88. The stock has a market capitalization of $976.23 million, a P/E ratio of 19.79 and a beta of 0.78.

About Whitestone REIT

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.