Truist Financial Issues Positive Forecast for Whitestone REIT (NYSE:WSR) Stock Price

Whitestone REIT (NYSE:WSR) had its price target lifted by analysts at Truist Financial from $15.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently 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 stock’s previous close.

Several other equities analysts have also recently weighed in on the company. StockNews.com started coverage on Whitestone REIT in a report on Thursday. They issued a “hold” rating for the company. JMP Securities restated a “market outperform” rating and issued a $15.00 price target on shares of Whitestone REIT in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.33.

Whitestone REIT Stock Down 1.1 %

NYSE WSR traded down $0.16 during trading on Friday, hitting $14.72. The stock had a trading volume of 127,195 shares, compared to its average volume of 316,348. Whitestone REIT has a 12 month low of $10.77 and a 12 month high of $15.01. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.17 and a current ratio of 2.17. The company’s 50-day moving average price is $14.09 and its two-hundred day moving average price is $13.54. The company has a market capitalization of $745.57 million, a PE ratio of 35.90, a P/E/G ratio of 2.46 and a beta of 1.26.

Insider Buying and Selling

In related news, Director Julia Bruns Buthman bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average cost of $12.99 per share, for a total transaction of $64,950.00. Following the transaction, the director now owns 8,093 shares in the company, valued at $105,128.07. The trade was a 161.66 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.50% of the stock is currently owned by insiders.

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.