Insider Buying: Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Buys $34,495.86 in Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt purchased 24,997 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $1.38 per share, for a total transaction of $34,495.86. Following the completion of the transaction, the insider owned 67,635 shares in the company, valued at approximately $93,336.30. This represents a 58.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 1st, Financial Lp Hrt acquired 14,698 shares of Wheeler Real Estate Investment Trust stock. The shares were bought at an average cost of $1.14 per share, with a total value of $16,755.72.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ:WHLR opened at $1.03 on Friday. The stock has a fifty day simple moving average of $14.47 and a two-hundred day simple moving average of $67.62. The stock has a market capitalization of $566,500.00, a price-to-earnings ratio of -0.00 and a beta of 1.08. Wheeler Real Estate Investment Trust, Inc. has a 12-month low of $0.98 and a 12-month high of $2,304.18.

Institutional Trading of Wheeler Real Estate Investment Trust

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

Wall Street Analyst Weigh In

WHLR has been the topic 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 Wednesday, April 8th. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average 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.