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

Whitestone REIT (NYSE:WSR) had its price target boosted by stock analysts at Truist Financial from $15.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price indicates a potential upside of 10.87% from the company’s current price.

A number of other analysts have also recently weighed in on WSR. JMP Securities reissued a “market outperform” rating and issued a $16.00 price objective on shares of Whitestone REIT in a research report on Tuesday, December 10th. StockNews.com began coverage on Whitestone REIT in a research report on Wednesday, March 12th. They issued a “hold” rating for the company.

Whitestone REIT Stock Up 0.8 %

Shares of NYSE:WSR traded up $0.11 on Tuesday, reaching $14.43. The company had a trading volume of 25,752 shares, compared to its average volume of 215,142. Whitestone REIT has a 52-week low of $10.77 and a 52-week high of $15.36. The firm’s 50 day simple moving average is $13.60 and its 200-day simple moving average is $13.87. The firm has a market capitalization of $730.87 million, a PE ratio of 35.20, a PEG ratio of 2.13 and a beta of 1.29. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49.

About Whitestone REIT

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.