Whitestone REIT (WSR) : The most positive equity analysts on Whitestone REIT (WSR) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $16.5 with an expected fluctuation of $3.04 from the mean.
Whitestone REIT (WSR) : 6 analysts are covering Whitestone REIT (WSR) and their average rating on the stock is 2.33, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Brokerage firm Baird downgrades its rating on Whitestone REIT (NYSE:WSR). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 19, 2016.
Whitestone REIT (NYSE:WSR): The stock opened at $14.47 on Thursday but the bulls could not build on the opening and the stock topped out at $14.50 for the day. The stock traded down to $14.31 during the day, due to lack of any buying support eventually closed down at $14.43 with a loss of -0.41% for the day. The stock had closed at $14.49 on the previous day. The total traded volume was 82,434 shares.
Whitestone REIT is a Real Estate Investment Trust (REIT). The Company is engaged in owning and operating commercial properties in diverse markets in metropolitan areas. As of December 31, 2014, the Company owned a real estate portfolio of 63 properties containing approximately 5.5 million square feet of gross leasable area (GLA), located in Texas, Arizona and Illinois. Its portfolio comprises 30 properties in Houston, six properties in Dallas, two properties in San Antonio, 24 properties in the Scottsdale and Phoenix, Arizona metropolitan areas, and one property in Buffalo Grove, Illinois, a suburb of Chicago. Its tenants consist of national, regional and local businesses. As of December 31, 2014, it had approximately 1,347 tenants. Its lease terms for its properties range from less than one year for smaller tenants to more than 15 years for larger tenants. Its primary business objective is to increase shareholder value by acquiring, owning and operating Community Centered Properties.