Whitestone REIT (NYSE:WSR) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Whitestone REIT (NYSE:WSR)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.75 and traded as high as $16.30. Whitestone REIT shares last traded at $16.0950, with a volume of 201,943 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WSR shares. Truist Financial raised their target price on Whitestone REIT from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Cantor Fitzgerald raised shares of Whitestone REIT to a “strong-buy” rating in a report on Wednesday, February 4th. LADENBURG THALM/SH SH assumed coverage on shares of Whitestone REIT in a report on Tuesday, January 13th. They issued a “buy” rating and a $17.00 target price for the company. Citigroup reissued a “market outperform” rating on shares of Whitestone REIT in a research report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Whitestone REIT in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $16.80.

Whitestone REIT Trading Down 1.3%

The stock has a market capitalization of $820.44 million, a PE ratio of 16.81 and a beta of 0.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $15.24 and a 200-day moving average price of $13.79.

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

Whitestone REIT declared that its board has approved a stock repurchase plan on Friday, December 19th that permits the company to repurchase $50.00 million in outstanding 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 management believes its shares are undervalued.

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.