Analysts Set Whitestone REIT (NYSE:WSR) Price Target at $16.25

Shares of Whitestone REIT (NYSE:WSR) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.80.

Several research analysts have weighed in on the stock. Cantor Fitzgerald upgraded shares of Whitestone REIT to a “strong-buy” rating in a report on Wednesday, February 4th. LADENBURG THALM/SH SH started coverage on shares of Whitestone REIT in a report on Tuesday, January 13th. They set a “buy” rating and a $17.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Whitestone REIT in a research report on Monday, December 29th. Truist Financial upped their target price on shares of Whitestone REIT from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, B. Riley Financial raised shares of Whitestone REIT from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Friday.

Whitestone REIT Trading Up 6.4%

NYSE WSR opened at $15.98 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 0.98 and a debt-to-equity ratio of 1.39. Whitestone REIT has a 52 week low of $11.43 and a 52 week high of $16.00. The business has a 50 day moving average price of $14.55 and a 200-day moving average price of $13.45. The company has a market cap of $815.30 million, a price-to-earnings ratio of 16.82 and a beta of 0.77.

Whitestone REIT (NYSE:WSR) last issued its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. Whitestone REIT had a return on equity of 11.23% and a net margin of 31.04%.The company had revenue of $43.92 million for the quarter, compared to analysts’ expectations of $41.27 million. Whitestone REIT has set its FY 2026 guidance at 1.100-1.140 EPS. As a group, equities analysts expect that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

Whitestone REIT declared that its board has authorized a share buyback plan on Friday, December 19th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 7.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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 paid a $0.1425 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.57 annualized dividend and a dividend yield of 3.6%. Whitestone REIT’s dividend payout ratio is 43.16%.

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.