Colliers Securities analyst Barry Oxford has maintained their bullish stance on WSR stock, giving a Buy rating yesterday.
Barry Oxford has given his Buy rating due to a combination of factors that highlight Whitestone REIT’s strong performance and potential for future growth. The company has shown impressive financial results, with core FFO numbers exceeding expectations and a significant year-over-year increase. The portfolio’s leasing spreads and occupancy rates also demonstrate robust operational metrics, indicating a well-managed asset base in high-growth markets.
Additionally, Whitestone REIT’s dividend increase and favorable valuation metrics contribute to the positive outlook. Despite a slightly higher debt level, the company’s strategic financial management, including a new term loan to manage interest expenses, supports its stability. The price target set by Oxford suggests a notable return potential, reinforcing the Buy recommendation as Whitestone’s market position and financial health align with investor interests.
According to TipRanks, Oxford is a 4-star analyst with an average return of 3.5% and a 63.18% success rate. Oxford covers the Real Estate sector, focusing on stocks such as Postal Realty, Mid-America Apartment, and Strawberry Fields REIT Inc.
In another report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $15.00 price target.