Whitestone REIT (NYSE:WSR) has been given a $15.00 price target by equities researchers at Maxim Group in a research note issued on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Maxim Group’s price objective suggests a potential upside of 20.77% from the stock’s current price.
A number of other equities analysts also recently issued reports on the stock. B. Riley set a $13.00 price objective on shares of Whitestone REIT and gave the company a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research downgraded shares of Whitestone REIT from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.00.
WSR stock traded down $0.14 during mid-day trading on Monday, reaching $12.42. The company had a trading volume of 185,878 shares, compared to its average volume of 291,858. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.75 and a quick ratio of 1.75. The business has a 50 day moving average of $12.64. Whitestone REIT has a 12 month low of $11.50 and a 12 month high of $14.65. The stock has a market cap of $504.69 million, a P/E ratio of 10.70 and a beta of 1.02.
Whitestone REIT (NYSE:WSR) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.17). Whitestone REIT had a net margin of 17.94% and a return on equity of 6.19%. The business had revenue of $29.58 million for the quarter, compared to the consensus estimate of $30.16 million. Equities analysts anticipate that Whitestone REIT will post 0.92 EPS for the current fiscal year.
Whitestone REIT Company Profile
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "E-Commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest growing and most affluent markets in the Sunbelt. Whitestone's optimal mix of national, regional and local tenants provides daily necessities, needed services and entertainment to the communities in which they are located.
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