Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) CEO Jon S. Wheeler purchased 4,000 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Friday, August 25th. The shares were bought at an average price of $10.04 per share, with a total value of $40,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 110,997 shares of the company’s stock, valued at $1,114,409.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Wheeler Real Estate Investment Trust, Inc. (WHLR) traded down 0.16% during trading on Monday, reaching $10.02. The company’s stock had a trading volume of 31,990 shares. The stock has a 50 day moving average of $10.50 and a 200-day moving average of $8.39. The company’s market capitalization is $86.90 million. Wheeler Real Estate Investment Trust, Inc. has a 1-year low of $7.95 and a 1-year high of $15.28.

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Several equities research analysts recently commented on the company. JMP Securities downgraded Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 24th. Wunderlich cut their price target on Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, May 24th. TheStreet cut Wheeler Real Estate Investment Trust from a “c-” rating to a “d” rating in a research report on Tuesday, May 23rd. ValuEngine cut Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, FBR & Co reaffirmed an “outperform” rating and set a $13.00 price objective on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.00.

A number of hedge funds have recently made changes to their positions in the stock. Virtu KCG Holdings LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter valued at $103,000. Dimensional Fund Advisors LP purchased a new position in Wheeler Real Estate Investment Trust during the second quarter worth approximately $159,000. Menta Capital LLC purchased a new position in Wheeler Real Estate Investment Trust during the second quarter worth approximately $380,000. Hillsdale Investment Management Inc. purchased a new position in Wheeler Real Estate Investment Trust during the first quarter worth approximately $113,000. Finally, Royce & Associates LP purchased a new position in Wheeler Real Estate Investment Trust during the first quarter worth approximately $117,000.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a self-managed commercial real estate investment company. The Company focuses on acquiring and managing retail properties with a primary focus on grocery-anchored centers. As of December 31, 2016, the Company owned a portfolio consisting of 74 properties, including 59 retail shopping centers and five freestanding retail properties totaling 4,906,511 gross leasable square feet of which approximately 94% were leased, one office property, eight undeveloped land parcels totaling approximately 70 acres and one redevelopment project.

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

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