Insider Buying: Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Buys 14,698 Shares

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRGet Free Report) major shareholder Financial Lp Hrt acquired 14,698 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average price of $1.14 per share, with a total value of $16,755.72. Following the transaction, the insider owned 82,333 shares of the company’s stock, valued at $93,859.62. This trade represents a 21.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

  • On Tuesday, June 30th, Financial Lp Hrt bought 24,997 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average price of $1.38 per share, for a total transaction of $34,495.86.

Wheeler Real Estate Investment Trust Price Performance

Shares of WHLR stock traded up $0.06 during trading hours on Thursday, reaching $1.04. 35,522,033 shares of the company’s stock were exchanged, compared to its average volume of 528,100. The company’s 50 day moving average is $15.69 and its two-hundred day moving average is $69.13. The company has a market cap of $573,705.00, a P/E ratio of -0.00 and a beta of 1.04. Wheeler Real Estate Investment Trust, Inc. has a 1 year low of $0.98 and a 1 year high of $2,304.18.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

View Our Latest Report on WHLR

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE acquired a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $80,000. HRT Financial LP purchased a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter valued at about $38,000. Finally, Jane Street Group LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter valued at approximately $62,000. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

About Wheeler Real Estate Investment Trust

(Get Free Report)

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.

See Also

Insider Buying and Selling by Quarter for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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