Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Sees Large Increase in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 566,046 shares, an increase of 584.6% from the August 15th total of 82,688 shares. Based on an average trading volume of 5,116,596 shares, the short-interest ratio is currently 0.1 days. Approximately 152.6% of the company’s stock are sold short.

Insider Transactions at Wheeler Real Estate Investment Trust

In related news, major shareholder Financial Lp Hrt sold 3,329 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $9.80, for a total value of $32,624.20. Following the transaction, the insider directly owned 4,769 shares of the company’s stock, valued at approximately $46,736.20. This represents a 41.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 24,547 shares of company stock valued at $84,765. Corporate insiders own 51.93% of the company’s stock.

Institutional Trading of Wheeler Real Estate Investment Trust

Several large investors have recently modified their holdings of WHLR. Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust in the second quarter valued at about $80,000. HRT Financial LP bought a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at about $38,000. Finally, Jane Street Group LLC bought a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at about $62,000. Institutional investors own 35.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings raised Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, August 26th. Wall Street Zen upgraded Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Up 5.0%

WHLR opened at $0.39 on Friday. The stock has a market capitalization of $301,686.00, a price-to-earnings ratio of -0.00 and a beta of 1.05. The firm has a 50 day moving average price of $3.48 and a 200-day moving average price of $455.49. Wheeler Real Estate Investment Trust has a twelve month low of $0.33 and a twelve month high of $18,360.00.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $34.98 earnings per share (EPS) for the quarter. Wheeler Real Estate Investment Trust had a net margin of 14.99% and a negative return on equity of 186.97%. The company had revenue of $22.48 million for the quarter.

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.