Whitestone REIT – Consensus Indicates Potential 37.1% Upside

Broker Ratings

Whitestone REIT which can be found using ticker (WSR) now have 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 13 and 10 suggesting an average Analsyt target price of $12.08. Given that the stocks previous close was at $8.81 this would imply there is now a potential upside of 37.1%. It’s also worth noting that there is a 50 day moving average of $9.85 and the 200 day moving average is $9.91. The company has a market cap of $442m. You can visit the company’s website by visiting: https://www.whitestonereit.com

The potential market cap would be $605m based on the market consensus.

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Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone’s strong, balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.

The company has a dividend yield of 5.3% with the ex dividend date set at 3-4-2023 (DMY).

Other points of data to note are a P/E ratio of 12.82, revenue per share of 2.84 and a 2.65% return on assets.

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