Whitestone REIT (NYSE:WSR) Price Target Raised to $16.00

Whitestone REIT (NYSE:WSR) had its price target hoisted by analysts at Truist Financial from $15.00 to $16.00 in a research report issued to clients and 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 points to a potential upside of 10.87% from the company’s current price.

WSR has been the topic of several other reports. StockNews.com started coverage on Whitestone REIT in a report on Wednesday, March 12th. They set a “hold” rating on the stock. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of Whitestone REIT in a report on Tuesday, December 10th.

Whitestone REIT Trading Up 0.8 %

WSR traded up $0.11 during trading on Tuesday, hitting $14.43. 25,752 shares of the stock were exchanged, compared to its average volume of 215,142. The firm has a 50 day simple moving average of $13.60 and a 200 day simple moving average of $13.87. The firm has a market cap of $730.87 million, a price-to-earnings ratio of 35.20, a P/E/G ratio of 2.13 and a beta of 1.29. Whitestone REIT has a 1 year low of $10.77 and a 1 year high of $15.36. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17.

Whitestone REIT Company Profile

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities.