Whitestone REIT (NYSE:WSR) Given New $16.00 Price Target at Truist Financial

Whitestone REIT (NYSE:WSR) had its price objective increased by Truist Financial from $15.00 to $16.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

WSR has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Whitestone REIT in a report on Monday, December 29th. LADENBURG THALM/SH SH assumed coverage on shares of Whitestone REIT in a report on Tuesday, January 13th. They issued a “buy” rating and a $17.00 price target on the stock. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Whitestone REIT in a research note on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $16.33.

Whitestone REIT Stock Performance

Shares of WSR stock opened at $14.14 on Tuesday. Whitestone REIT has a 12 month low of $11.43 and a 12 month high of $14.77. The stock has a market capitalization of $721.17 million, a P/E ratio of 16.63 and a beta of 0.81. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.44. The firm’s 50 day moving average is $13.58 and its 200 day moving average is $12.88.

Whitestone REIT (NYSE:WSR) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Whitestone REIT had a net margin of 28.16% and a return on equity of 10.10%. The business had revenue of $41.05 million for the quarter, compared to analysts’ expectations of $39.21 million. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. On average, sell-side analysts anticipate that Whitestone REIT will post 0.99 earnings per share for the current year.

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 issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. Whitestone REIT’s payout ratio is currently 63.53%.

Whitestone REIT declared that its Board of Directors has initiated a stock repurchase program 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 purchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

About Whitestone REIT

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.