Whitestone REIT (NYSE:WSR) Price Target Lowered to $14.00 at Truist Financial

Whitestone REIT (NYSE:WSR - Get Free Report) had its price target decreased by stock analysts at Truist Financial from $16.00 to $14.00 in a report issued on Monday,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 10.02% from the stock's current price.

Separately, StockNews.com started coverage on shares of Whitestone REIT in a report on Wednesday, May 7th. They set a "hold" rating on the stock.

Whitestone REIT Trading Up 0.1%

Shares of NYSE:WSR traded up $0.02 on Monday, hitting $12.73. The company had a trading volume of 248,263 shares, compared to its average volume of 282,132. The firm's 50-day simple moving average is $13.43 and its two-hundred day simple moving average is $13.78. Whitestone REIT has a 1 year low of $11.78 and a 1 year high of $15.36. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $647.65 million, a price-to-earnings ratio of 31.04, a P/E/G ratio of 2.13 and a beta of 0.93.

Whitestone REIT (NYSE:WSR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Whitestone REIT had a net margin of 13.97% and a return on equity of 4.98%. The company had revenue of $37.40 million during the quarter, compared to analysts' expectations of $38.95 million. Equities analysts anticipate that Whitestone REIT will post 0.99 earnings per share for the current fiscal year.

About Whitestone REIT

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.