Whitestone REIT (NYSE:WSR – Get Free Report) had its price objective decreased by Truist Financial from $16.00 to $14.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 10.32% from the company’s previous close.
Separately, StockNews.com initiated coverage on Whitestone REIT in a research report on Wednesday, May 7th. They set a “hold” rating for the company.
Get Our Latest Stock Analysis on Whitestone REIT
Whitestone REIT Stock Performance
NYSE:WSR traded down $0.02 during trading hours on Monday, reaching $12.69. 28,255 shares of the stock were exchanged, compared to its average volume of 280,946. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The firm has a 50 day simple moving average of $13.46 and a 200-day simple moving average of $13.79. Whitestone REIT has a 52 week low of $11.78 and a 52 week high of $15.36. The stock has a market capitalization of $645.87 million, a P/E ratio of 30.93, a P/E/G ratio of 2.13 and a beta of 0.93.
Whitestone REIT (NYSE:WSR – Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $37.40 million for the quarter, compared to the consensus estimate of $38.95 million. Whitestone REIT had a return on equity of 4.98% and a net margin of 13.97%. As a group, sell-side analysts forecast that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.
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.
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