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

Whitestone REIT (NYSE:WSR) had its target price raised by equities researchers at Truist Financial from $15.00 to $16.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price suggests a potential upside of 13.23% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday, December 29th. LADENBURG THALM/SH SH assumed coverage on shares of Whitestone REIT in a 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 report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $16.33.

Whitestone REIT Trading Up 0.2%

Shares of Whitestone REIT stock opened at $14.13 on Tuesday. Whitestone REIT has a 1-year low of $11.43 and a 1-year high of $14.77. The company’s fifty day simple moving average is $13.57 and its 200-day simple moving average is $12.87. 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 stock has a market capitalization of $720.96 million, a PE ratio of 16.62 and a beta of 0.81.

Whitestone REIT (NYSE:WSR) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $41.05 million for the quarter, compared to analysts’ expectations of $39.21 million. Whitestone REIT had a return on equity of 10.10% and a net margin of 28.16%.Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. As a group, equities analysts anticipate that Whitestone REIT will post 0.99 earnings per share for the current year.

Whitestone REIT declared that its Board of Directors has authorized a share buyback program 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are 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.