Truist Financial Forecasts Strong Price Appreciation for Whitestone REIT (NYSE:WSR) Stock

Whitestone REIT (NYSE:WSR) had its price target increased by investment analysts at Truist Financial from $15.00 to $16.00 in a report released on Friday,Benzinga reports. The brokerage 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 equities research analysts have also recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price objective 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 on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.33.

Whitestone REIT Stock Performance

NYSE WSR opened at $14.72 on Friday. The firm has a market capitalization of $745.57 million, a P/E ratio of 35.94, a PEG ratio of 2.46 and a beta of 1.26. The stock has a 50-day simple moving average of $14.12 and a two-hundred day simple moving average of $13.56. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. Whitestone REIT has a fifty-two week low of $10.77 and a fifty-two week high of $15.01.

Insider Transactions at Whitestone REIT

In related news, Director Julia Bruns Buthman purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of $12.99 per share, with a total value of $64,950.00. Following the purchase, the director now owns 8,093 shares of the company’s stock, valued at $105,128.07. This represents a 161.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.50% of the company’s stock.

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.