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

Whitestone REIT (NYSE:WSR) had its price objective upped by research analysts at Truist Financial from $15.00 to $16.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective would indicate a potential upside of 11.21% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. JMP Securities reissued a “market outperform” rating and set a $16.00 price target on shares of Whitestone REIT in a research report on Tuesday, December 10th. StockNews.com began coverage on Whitestone REIT in a research report on Wednesday, March 12th. They set a “hold” rating on the stock.

Whitestone REIT Price Performance

WSR opened at $14.39 on Tuesday. Whitestone REIT has a 12-month low of $10.77 and a 12-month high of $15.36. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.49. The business’s fifty day simple moving average is $13.63 and its 200-day simple moving average is $13.88. The company has a market capitalization of $728.64 million, a price-to-earnings ratio of 35.09, a PEG ratio of 2.13 and a beta of 1.29.

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.