Renaissance Technologies LLC increased its stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 373.5% during the first quarter, Holdings Channel reports. The fund owned 1,557,925 shares of the real estate investment trust’s stock after buying an additional 1,228,925 shares during the period. Renaissance Technologies LLC owned 0.18% of Wheeler Real Estate Investment Trust worth $2,695,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its position in shares of Wheeler Real Estate Investment Trust by 9.1% in the first quarter. Asset Management One Co. Ltd. now owns 136,250 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 11,380 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Wheeler Real Estate Investment Trust by 27.3% in the first quarter. Geode Capital Management LLC now owns 159,220 shares of the real estate investment trust’s stock valued at $275,450,000 after buying an additional 34,108 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Wheeler Real Estate Investment Trust during the first quarter valued at about $113,000. Royce & Associates LP bought a new position in shares of Wheeler Real Estate Investment Trust during the first quarter valued at about $117,000. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Wheeler Real Estate Investment Trust by 38.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 345,000 shares of the real estate investment trust’s stock valued at $597,000 after buying an additional 95,000 shares during the last quarter.

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) traded down 0.95% during midday trading on Tuesday, hitting $10.38. The stock had a trading volume of 1,723 shares. The stock has a 50 day moving average of $10.54 and a 200-day moving average of $7.94. The company’s market cap is $89.43 million. Wheeler Real Estate Investment Trust, Inc. has a one year low of $7.95 and a one year high of $15.28.

COPYRIGHT VIOLATION WARNING: “Renaissance Technologies LLC Buys 1,228,925 Shares of Wheeler Real Estate Investment Trust, Inc. (WHLR)” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.watchlistnews.com/renaissance-technologies-llc-buys-1228925-shares-of-wheeler-real-estate-investment-trust-inc-whlr/1491741.html.

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

In other Wheeler Real Estate Investment Trust news, Director Jeffrey M. Zwerdling purchased 5,000 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average price of $9.95 per share, with a total value of $49,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 8,121 shares of company stock valued at $79,654 in the last three months. 5.27% of the stock is currently owned by company insiders.

Wheeler Real Estate Investment Trust Company Profile

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.

Want to see what other hedge funds are holding WHLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR).

Institutional Ownership by Quarter for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

Receive News & Ratings for Wheeler Real Estate Investment Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheeler Real Estate Investment Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.