Whitestone REIT (NYSE:WSR) Price Target Raised to $17.00 at Truist Financial

Whitestone REIT (NYSE:WSR) had its target price upped by investment analysts at Truist Financial from $16.00 to $17.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 11.99% from the company’s current price.

A number of other equities research analysts have also issued reports on WSR. LADENBURG THALM/SH SH began coverage on shares of Whitestone REIT in a report on Tuesday, January 13th. They set a “buy” rating and a $17.00 price target on the stock. Maxim Group reiterated a “hold” rating on shares of Whitestone REIT in a research report on Monday. Cantor Fitzgerald raised shares of Whitestone REIT to a “strong-buy” rating in a research note on Wednesday, February 4th. Citigroup restated a “market outperform” rating on shares of Whitestone REIT in a report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Whitestone REIT in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Whitestone REIT has a consensus rating of “Buy” and a consensus price target of $16.50.

Whitestone REIT Trading Up 0.3%

Shares of NYSE WSR traded up $0.05 during mid-day trading on Wednesday, hitting $15.18. 21,243 shares of the company traded hands, compared to its average volume of 203,551. The company has a quick ratio of 1.74, a current ratio of 0.98 and a debt-to-equity ratio of 1.39. Whitestone REIT has a 1 year low of $11.43 and a 1 year high of $15.50. The stock has a market capitalization of $774.48 million, a price-to-earnings ratio of 15.98 and a beta of 0.77. The business has a 50 day moving average of $14.45 and a two-hundred day moving average of $13.39.

Whitestone REIT (NYSE:WSR) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.15. Whitestone REIT had a return on equity of 11.23% and a net margin of 31.04%.The firm had revenue of $43.92 million for the quarter, compared to the consensus estimate of $41.27 million. Whitestone REIT has set its FY 2026 guidance at 1.100-1.140 EPS. On average, sell-side analysts anticipate that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

Whitestone REIT announced that its Board of Directors has initiated a share repurchase plan on Friday, December 19th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy up to 7.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership 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.