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

Whitestone REIT (NYSE:WSR) had its price objective boosted by investment analysts at Truist Financial from $15.00 to $16.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 8.70% from the company’s previous close.

A number of other brokerages also recently commented on WSR. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 target price on shares of Whitestone REIT in a research note on Thursday, September 19th. StockNews.com initiated coverage on shares of Whitestone REIT in a report on Thursday. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Whitestone REIT presently has a consensus rating of “Moderate Buy” and an average target price of $15.33.

Whitestone REIT Stock Down 1.1 %

Shares of WSR opened at $14.72 on Friday. Whitestone REIT has a 52-week low of $10.77 and a 52-week high of $15.01. 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 stock has a fifty day simple moving average of $14.12 and a two-hundred day simple moving average of $13.56. The company has a market capitalization of $745.57 million, a PE ratio of 35.94, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26.

Insider Transactions at Whitestone REIT

In other news, Director Julia Bruns Buthman acquired 5,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $12.99 per share, with a total value of $64,950.00. Following the transaction, the director now owns 8,093 shares in the company, valued at approximately $105,128.07. This trade represents a 161.66 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.50% of the company’s stock.

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.