Whitestone REIT (NYSE:WSR) Rating Increased to Strong-Buy at Cantor Fitzgerald

Whitestone REIT (NYSE:WSR) was upgraded by investment analysts at Cantor Fitzgerald to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on WSR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Whitestone REIT in a report on Monday, December 29th. Citigroup restated a “market outperform” rating on shares of Whitestone REIT in a research report on Tuesday, January 6th. Truist Financial increased their price objective on shares of Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, LADENBURG THALM/SH SH began coverage on shares of Whitestone REIT in a research note on Tuesday, January 13th. They issued a “buy” rating and a $17.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.25.

Whitestone REIT Stock Performance

Shares of NYSE:WSR opened at $14.72 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.74 and a quick ratio of 1.74. The business’s 50 day moving average price is $13.81 and its 200-day moving average price is $13.01. The firm has a market capitalization of $751.01 million, a PE ratio of 17.32 and a beta of 0.81. Whitestone REIT has a 1 year low of $11.43 and a 1 year high of $14.80.

Whitestone REIT announced that its board has authorized a stock repurchase plan on Friday, December 19th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.