Whitestone REIT (WSR, Financial) has initiated a strategic redevelopment project at Lion Square, situated in Houston's Asiatown, part of the International Management District. This redevelopment aims to transform the area into a dynamic cultural hub that honors the city's sizable Asian community.
The Sun Wing Supermarket-anchored center will undergo significant design enhancements. The company has enlisted the expertise of the Michael Hsu Office of Architecture to refurbish the property's aesthetics. The redesign will blend contemporary styles with traditional Chinese and Vietnamese architectural motifs, fostering a more inviting environment that reflects the cultural richness of the community.
This undertaking highlights Whitestone's commitment to creating spaces that resonate with local cultural identities, ensuring that Lion Square becomes a meaningful destination within Houston's vibrant Asian community.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Whitestone REIT (WSR, Financial) is $16.14 with a high estimate of $17.00 and a low estimate of $15.00. The average target implies an upside of 22.02% from the current price of $13.23. More detailed estimate data can be found on the Whitestone REIT (WSR) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Whitestone REIT's (WSR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Whitestone REIT (WSR, Financial) in one year is $12.34, suggesting a downside of 6.73% from the current price of $13.23. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Whitestone REIT (WSR) Summary page.
