Whitestone REIT director Amy Feng acquires $12,528 in shares

Published 21/03/2025, 13:44
Whitestone REIT director Amy Feng acquires $12,528 in shares

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.