Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Financial Lp Hrt Acquires 14,698 Shares

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt purchased 14,698 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was purchased at an average price of $1.14 per share, for a total transaction of $16,755.72. Following the acquisition, the insider owned 82,333 shares of the company’s stock, valued at approximately $93,859.62. This represents a 21.73% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 Tuesday, June 30th, Financial Lp Hrt purchased 24,997 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average price of $1.38 per share, with a total value of $34,495.86.

Wheeler Real Estate Investment Trust Price Performance

WHLR opened at $1.03 on Friday. Wheeler Real Estate Investment Trust, Inc. has a fifty-two week low of $0.98 and a fifty-two week high of $2,304.18. The firm has a market capitalization of $566,500.00, a PE ratio of -0.00 and a beta of 1.08. The company’s 50-day moving average is $15.08 and its 200 day moving average is $68.09.

Analysts Set New Price Targets

WHLR has been the subject of several research reports. Wall Street Zen raised Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheeler Real Estate Investment Trust currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Wheeler Real Estate Investment Trust during the fourth quarter valued at approximately $62,000. HRT Financial LP bought a new position in shares of Wheeler Real Estate Investment Trust in the 4th quarter worth $38,000. Finally, Bank of America Corp DE purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at $80,000. Hedge funds and other institutional investors own 35.28% of the company’s stock.

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.