Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Financial Lp Hrt Purchases 40,591 Shares

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRGet Free Report) major shareholder Financial Lp Hrt acquired 40,591 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of $0.60 per share, for a total transaction of $24,354.60. Following the completion of the acquisition, the insider owned 161,974 shares in the company, valued at $97,184.40. This represents a 33.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 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 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 value of $32,626.16.
  • On Monday, July 6th, Financial Lp Hrt bought 21,703 shares of Wheeler Real Estate Investment Trust stock. The stock was purchased at an average cost of $0.08 per share, with a total value of $1,736.24.
  • On Thursday, July 2nd, Financial Lp Hrt purchased 17,348 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average price of $1.39 per share, for a total transaction of $24,113.72.
  • On Wednesday, July 1st, Financial Lp Hrt purchased 14,698 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $16,755.72.
  • On Tuesday, June 30th, Financial Lp Hrt acquired 24,997 shares of Wheeler Real Estate Investment Trust stock. The stock was acquired at an average price of $1.38 per share, with a total value of $34,495.86.

Wheeler Real Estate Investment Trust Stock Performance

Shares of Wheeler Real Estate Investment Trust stock remained flat at $0.43 during trading on Thursday. 1,782,880 shares of the stock were exchanged, compared to its average volume of 574,051. Wheeler Real Estate Investment Trust, Inc. has a 12 month low of $0.40 and a 12 month high of $2,210.40. The company has a market cap of $236,500.00, a P/E ratio of -0.00 and a beta of 1.08. The firm has a 50-day simple moving average of $12.73 and a 200-day simple moving average of $64.44.

Institutional Trading of Wheeler Real Estate Investment Trust

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

Wall Street Analyst Weigh In

Several analysts have issued reports on WHLR shares. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on WHLR

About Wheeler Real Estate Investment Trust

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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