Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Sells $74,972.22 in Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Magnetar Financial Llc sold 87,177 shares of Wheeler Real Estate Investment Trust stock in a transaction on Monday, April 13th. The shares were sold at an average price of $0.86, for a total transaction of $74,972.22. Following the completion of the sale, the insider owned 8,037 shares in the company, valued at approximately $6,911.82. This trade represents a 91.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Magnetar Financial Llc also recently made the following trade(s):

• On Wednesday, April 15th, Magnetar Financial Llc sold 3,127 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.80, for a total transaction of $2,501.60.
• On Friday, April 10th, Magnetar Financial Llc sold 1,413 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.83, for a total transaction of $1,172.79.
• On Tuesday, April 14th, Magnetar Financial Llc sold 4,910 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.77, for a total transaction of $3,780.70.
• On Thursday, April 9th, Magnetar Financial Llc sold 12,346 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.83, for a total transaction of $10,247.18.
• On Wednesday, April 8th, Magnetar Financial Llc sold 6,234 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.86, for a total transaction of $5,361.24.
• On Tuesday, April 7th, Magnetar Financial Llc sold 6,774 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.85, for a total transaction of $5,757.90.
• On Monday, April 6th, Magnetar Financial Llc sold 6,503 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.92, for a total transaction of $5,982.76.
• On Thursday, April 2nd, Magnetar Financial Llc sold 13,253 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.93, for a total transaction of $12,325.29.
• On Wednesday, April 1st, Magnetar Financial Llc sold 3,332 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.95, for a total value of $3,165.40.

Wheeler Real Estate Investment Trust Trading Down 6.0%

Shares of Wheeler Real Estate Investment Trust stock opened at $0.75 on Friday. The firm has a market capitalization of $1.36 million, a P/E ratio of 0.00 and a beta of 1.44. The business has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $2.55. Wheeler Real Estate Investment Trust, Inc. has a 12 month low of $0.74 and a 12 month high of $301.50.

Wheeler Real Estate Investment Trust’s stock is set to reverse split on Monday, April 20th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, April 19th.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings data on Thursday, March 5th. The real estate investment trust reported ($2.67) EPS for the quarter. The firm had revenue of $25.17 million for the quarter. Wheeler Real Estate Investment Trust had a net margin of 11.86% and a negative return on equity of 78.92%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WHLR. Wall Street Zen lowered Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Sunday, April 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Several large investors have recently modified their holdings of the stock. 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 purchased a new position in shares of Wheeler Real Estate Investment Trust in the 4th quarter worth about $38,000. Finally, Jane Street Group LLC purchased a new position in shares of Wheeler Real Estate Investment Trust in the 4th quarter worth about $62,000. Hedge funds and other institutional investors 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.