Whitestone REIT (NYSE:WSR) Price Target Raised to $17.00

Whitestone REIT (NYSE:WSR) had its price objective increased by Truist Financial from $16.00 to $17.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. LADENBURG THALM/SH SH assumed coverage on Whitestone REIT in a report on Tuesday, January 13th. They issued a “buy” rating and a $17.00 target price for the company. Cantor Fitzgerald raised Whitestone REIT to a “strong-buy” rating in a research note on Wednesday, February 4th. Citigroup restated a “market outperform” rating on shares of Whitestone REIT in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday, December 29th. Finally, Maxim Group reiterated a “hold” rating on shares of Whitestone REIT in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.80.

Whitestone REIT Stock Performance

NYSE WSR opened at $15.98 on Wednesday. The firm’s fifty day moving average price is $14.55 and its two-hundred day moving average price is $13.44. The stock has a market cap of $815.30 million, a PE ratio of 16.82 and a beta of 0.77. Whitestone REIT has a fifty-two week low of $11.43 and a fifty-two week high of $16.00. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.74 and a current ratio of 0.98.

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

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

Whitestone REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.1425 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.57 annualized dividend and a dividend yield of 3.6%. Whitestone REIT’s payout ratio is currently 43.16%.

Whitestone REIT Company Profile

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.