Financial Lp Hrt Acquires 14,698 Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt bought 14,698 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average price of $1.14 per share, with a total value of $16,755.72. Following the purchase, the insider owned 82,333 shares of the company’s stock, valued at $93,859.62. The trade was a 21.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% 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 stock was bought at an average price of $1.38 per share, for a total transaction of $34,495.86.

Wheeler Real Estate Investment Trust Trading Up 5.6%

Shares of NASDAQ WHLR traded up $0.06 during mid-day trading on Thursday, reaching $1.04. The company had a trading volume of 35,522,033 shares, compared to its average volume of 528,100. The firm has a 50 day simple moving average of $15.69 and a two-hundred day simple moving average of $69.13. Wheeler Real Estate Investment Trust, Inc. has a 52-week low of $0.98 and a 52-week high of $2,304.18. The stock has a market cap of $573,705.00, a P/E ratio of -0.00 and a beta of 1.04.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust in the 2nd quarter valued at $80,000. HRT Financial LP purchased a new position in Wheeler Real Estate Investment Trust during the 4th quarter worth $38,000. Finally, Jane Street Group LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the 4th quarter worth $62,000. 35.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WHLR. Wall Street Zen upgraded Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheeler Real Estate Investment Trust currently has a consensus rating of “Sell”.

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.