Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 49,725 shares, a decrease of 71.7% from the June 15th total of 175,592 shares. Currently, 18.8% of the company’s stock are sold short. Based on an average daily trading volume, of 681,547 shares, the short-interest ratio is presently 0.1 days.
Analyst Upgrades and Downgrades
WHLR has been the subject of several research reports. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on WHLR
Wheeler Real Estate Investment Trust Trading Down 4.7%
Insider Activity
In related news, major shareholder Magnetar Financial Llc sold 1,816 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $41.28, for a total transaction of $74,964.48. Following the completion of the transaction, the insider directly owned 167 shares in the company, valued at approximately $6,893.76. This trade represents a 91.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Financial Lp Hrt sold 66,584 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $0.49, for a total value of $32,626.16. Following the transaction, the insider owned 95,390 shares of the company’s stock, valued at approximately $46,741.10. The trade was a 41.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have bought 101,989 shares of company stock valued at $77,342 and have sold 68,567 shares valued at $113,857. 51.93% of the stock is owned by corporate insiders.
Institutional Trading of Wheeler Real Estate Investment Trust
Institutional investors and hedge funds have recently bought and sold shares of the stock. HRT Financial LP bought a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $38,000. Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $62,000. Finally, Bank of America Corp DE bought a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at $80,000. Institutional investors own 35.28% of the company’s stock.
About Wheeler Real Estate Investment Trust
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.
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