Whitestone REIT (NYSE:WSR) Reaches New 12-Month High – Should You Buy?

Whitestone REIT (NYSE:WSR)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.63 and last traded at $16.60, with a volume of 16296 shares changing hands. The stock had previously closed at $16.58.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. LADENBURG THALM/SH SH started coverage on Whitestone REIT in a research report on Tuesday, January 13th. They set a “buy” rating and a $17.00 price target on the stock. Cantor Fitzgerald raised Whitestone REIT to a “strong-buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday, December 29th. Truist Financial boosted their target price on Whitestone REIT from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, B. Riley Financial upgraded Whitestone REIT from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Whitestone REIT currently has an average rating of “Buy” and an average price target of $16.80.

Whitestone REIT Stock Up 0.1%

The company has a market cap of $852.82 million, a price-to-earnings ratio of 17.47 and a beta of 0.71. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average price of $15.46 and a 200 day moving average price of $13.92.

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

Whitestone REIT declared that its board has authorized a stock repurchase program on Friday, December 19th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 7.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors 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.