Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Financial Lp Hrt Acquires 17,348 Shares of Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt acquired 17,348 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was bought at an average cost of $1.39 per share, for a total transaction of $24,113.72. Following the purchase, the insider directly owned 99,680 shares of the company’s stock, valued at approximately $138,555.20. This trade represents a 21.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, July 6th, Financial Lp Hrt acquired 21,703 shares of Wheeler Real Estate Investment Trust stock. The shares were bought at an average price of $0.08 per share, with a total value of $1,736.24.
• On Wednesday, July 1st, Financial Lp Hrt acquired 14,698 shares of Wheeler Real Estate Investment Trust stock. The shares were bought 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 stock was purchased at an average cost of $1.38 per share, with a total value of $34,495.86.

Wheeler Real Estate Investment Trust Trading Down 24.7%

NASDAQ WHLR opened at $0.56 on Wednesday. Wheeler Real Estate Investment Trust, Inc. has a 12 month low of $0.53 and a 12 month high of $2,210.40. The stock has a market cap of $305,250.00, a price-to-earnings ratio of -0.00 and a beta of 1.08. The company’s 50 day moving average is $13.33 and its two-hundred day moving average is $65.31.

Analyst Ratings Changes

WHLR has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Monday. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at $80,000. HRT Financial LP bought a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $38,000. Finally, Jane Street Group LLC bought a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $62,000. 35.28% of the stock is owned by hedge funds and other institutional investors.

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.