Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Acquires $16,755.72 in Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt bought 14,698 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was purchased at an average price of $1.14 per share, for a total transaction of $16,755.72. Following the purchase, the insider directly owned 82,333 shares in the company, valued at approximately $93,859.62. This represents a 21.73% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

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

Wheeler Real Estate Investment Trust Price Performance

Shares of WHLR opened at $1.03 on Friday. Wheeler Real Estate Investment Trust, Inc. has a twelve month low of $0.98 and a twelve month high of $2,304.18. The stock has a market capitalization of $566,500.00, a P/E ratio of -0.00 and a beta of 1.08. The company has a 50 day moving average of $14.47 and a 200-day moving average of $67.62.

Analysts Set New Price Targets

WHLR has been the subject of a number of analyst reports. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. HRT Financial LP acquired 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 stake in shares of Wheeler Real Estate Investment Trust in the 4th quarter valued at approximately $62,000. Finally, Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter valued at approximately $80,000. Institutional investors and hedge funds own 35.28% of the company’s stock.

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.