Whitestone REIT (NYSE:WSR) Stock Rating Upgraded by Cantor Fitzgerald

Whitestone REIT (NYSE:WSR) was upgraded by research analysts at Cantor Fitzgerald to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

WSR has been the topic of several other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday, December 29th. Truist Financial lifted their target price on Whitestone REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Citigroup reaffirmed a “market outperform” rating on shares of Whitestone REIT in a research report on Tuesday, January 6th. Finally, LADENBURG THALM/SH SH began coverage on shares of Whitestone REIT in a report on Tuesday, January 13th. They issued a “buy” rating and a $17.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, Whitestone REIT has a consensus rating of “Buy” and an average price target of $16.25.

Whitestone REIT Stock Performance

Shares of WSR opened at $14.97 on Wednesday. The firm has a market cap of $763.51 million, a P/E ratio of 17.61 and a beta of 0.81. Whitestone REIT has a twelve month low of $11.43 and a twelve month high of $14.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.74 and a current ratio of 1.74. The firm’s 50 day moving average price is $13.84 and its two-hundred day moving average price is $13.02.

Whitestone REIT announced that its Board of Directors has approved a share repurchase plan on Friday, December 19th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 7.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Whitestone REIT Company Profile

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.