Financial Lp Hrt Sells 66,584 Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRGet Free Report) major shareholder Financial Lp Hrt sold 66,584 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $0.49, for a total transaction of $32,626.16. Following the transaction, the insider owned 95,390 shares of the company’s stock, valued at $46,741.10. This trade represents a 41.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, July 7th, Financial Lp Hrt acquired 40,591 shares of Wheeler Real Estate Investment Trust stock. The stock was acquired at an average price of $0.60 per share, for a total transaction of $24,354.60.
  • On Monday, July 6th, Financial Lp Hrt acquired 21,703 shares of Wheeler Real Estate Investment Trust stock. The stock was acquired at an average price of $0.08 per share, for a total transaction of $1,736.24.
  • On Thursday, July 2nd, Financial Lp Hrt acquired 17,348 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average cost of $1.39 per share, with a total value of $24,113.72.
  • On Wednesday, July 1st, Financial Lp Hrt bought 14,698 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average price of $1.14 per share, with a total value of $16,755.72.
  • 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, with a total value of $34,495.86.

Wheeler Real Estate Investment Trust Price Performance

NASDAQ WHLR remained flat at $0.43 during trading on Thursday. The company’s stock had a trading volume of 1,782,880 shares, compared to its average volume of 574,051. The stock has a 50 day moving average of $12.73 and a two-hundred day moving average of $64.44. Wheeler Real Estate Investment Trust, Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $2,210.40. The company has a market capitalization of $236,500.00, a PE ratio of -0.00 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WHLR. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Get Our Latest Stock Report on Wheeler Real Estate Investment Trust

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

A number of large investors have recently added to or reduced their stakes in WHLR. Bank of America Corp DE purchased a new position in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth about $80,000. HRT Financial LP bought a new stake in Wheeler Real Estate Investment Trust in the 4th quarter worth approximately $38,000. Finally, Jane Street Group LLC bought a new stake in Wheeler Real Estate Investment Trust in the 4th quarter worth approximately $62,000. Hedge funds and other institutional investors own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

(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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