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HOUSTON—Amy Feng, a director at Whitestone REIT (NYSE:WSR), recently acquired additional common shares of the company, according to a filing with the Securities and Exchange Commission. The transactions, dated March 19, 2025, involved the purchase of 875 shares at prices ranging from $14.311 to $14.3199 per share, totaling approximately $12,528. The stock currently trades at $14.50, near its 52-week high of $15.36, with InvestingPro data showing a "GREAT" financial health score and a 3.72% dividend yield.
Following these transactions, Feng’s total ownership in Whitestone REIT increased to 54,225 shares. The purchases reflect ongoing interest in the real estate investment trust, which specializes in managing and leasing commercial properties. The company, with a market capitalization of $747 million, has maintained dividend payments for 16 consecutive years. For deeper insights into insider trading patterns and comprehensive financial analysis, check out the detailed WSR Pro Research Report, available exclusively on InvestingPro.
In other recent news, Whitestone REIT reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.28, compared to the forecasted $0.20. The company also exceeded revenue forecasts, reporting $40.84 million against an expected $38.42 million. Despite these positive financial results, Whitestone’s stock experienced a decline in premarket trading. The company highlighted its focus on organic growth and acquisitions, aiming for a 4-6% growth in Core Funds From Operations (FFO) and a 3-5% increase in same-store Net Operating Income (NOI). Whitestone plans to continue its redevelopment projects, expecting double-digit returns and significant rent increases. Analysts have noted the company’s strategic initiatives and future growth plans, with some attention on the proceeds from Pillarstone liquidation, which could exceed $45 million. The company maintains a strong cash flow from operations, amounting to $58.2 million in 2024, supporting its growth plans.
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