Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Purchases $24,354.60 in Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt purchased 40,591 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was bought at an average cost of $0.60 per share, for a total transaction of $24,354.60. Following the purchase, the insider owned 161,974 shares of the company’s stock, valued at approximately $97,184.40. This represents a 33.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 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 Wednesday, July 8th, Financial Lp Hrt sold 66,584 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.49, for a total transaction of $32,626.16.
• On Monday, July 6th, Financial Lp Hrt acquired 21,703 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average cost of $0.08 per share, for a total transaction of $1,736.24.
• On Thursday, July 2nd, Financial Lp Hrt bought 17,348 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average cost of $1.39 per share, with a total value of $24,113.72.
• On Wednesday, July 1st, Financial Lp Hrt purchased 14,698 shares of Wheeler Real Estate Investment Trust stock. The stock was purchased at an average cost of $1.14 per share, for a total transaction of $16,755.72.
• On Tuesday, June 30th, Financial Lp Hrt purchased 24,997 shares of Wheeler Real Estate Investment Trust stock. The stock was purchased at an average cost of $1.38 per share, for a total transaction of $34,495.86.

Wheeler Real Estate Investment Trust Trading Down 4.7%

Shares of WHLR stock traded down $0.02 on Friday, hitting $0.41. 2,540,820 shares of the stock were exchanged, compared to its average volume of 2,679,820. The firm has a market capitalization of $224,980.20, a P/E ratio of -0.00 and a beta of 1.08. The business has a 50-day moving average of $11.59 and a 200 day moving average of $63.19. Wheeler Real Estate Investment Trust, Inc. has a fifty-two week low of $0.39 and a fifty-two week high of $2,178.22.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. 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 reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors 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 during the 2nd quarter valued at $80,000. HRT Financial LP bought a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter valued at about $38,000. Finally, Jane Street Group LLC bought a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter valued at about $62,000. 35.28% of the stock is currently owned by institutional investors.

Wheeler Real Estate Investment Trust Company Profile

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.