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Kristian M. Gathright, a director at Whitestone REIT (NYSE:WSR), recently purchased 1,750 common shares of the company, according to a regulatory filing. The transaction, which took place on March 21, 2025, was executed at a price of $14.36 per share, amounting to a total investment of $25,130. The purchase comes as WSR trades near its 52-week high of $15.36, with the stock delivering an impressive 25.7% return over the past year. According to InvestingPro, the company maintains a "GREAT" financial health score, supported by strong dividend performance and consistent profitability.
Following this acquisition, Gathright’s direct ownership in Whitestone REIT increased to 3,503 shares. This move indicates a bolstered stake in the real estate investment trust, which is based in Houston, Texas and currently has a market capitalization of $739 million. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, underscoring Gathright’s ongoing commitment to the company. With a current dividend yield of 3.7% and a track record of maintaining dividends for 16 consecutive years, WSR presents an interesting profile for income investors. Discover more comprehensive insights and 8 additional key ProTips by accessing the detailed research report on InvestingPro.
In other recent news, Whitestone REIT reported its fourth-quarter 2024 earnings, which exceeded expectations. The company achieved an earnings per share (EPS) of $0.28, significantly surpassing the forecasted $0.20. Revenue also outperformed projections, reaching $40.84 million compared to the anticipated $38.42 million. These results highlight Whitestone’s effective operational strategies and focus on high-value shop spaces. Despite these strong financial performances, Whitestone’s stock experienced a decline in premarket trading. The company continues to focus on organic growth, targeting a 4-6% increase in core funds from operations and a 3-5% rise in same-store net operating income. Additionally, Whitestone plans to enhance growth through strategic acquisitions and redevelopment projects, expecting substantial returns. The company maintains a robust cash flow, with $58.2 million generated from operations in 2024, supporting its ongoing growth initiatives.
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