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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt bought 24,997 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $1.38 per share, with a total value of $34,495.86. Following the completion of the purchase, the insider directly owned 67,635 shares of the company’s stock, valued at $93,336.30. This represents a 58.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% 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 purchased 14,698 shares of Wheeler Real Estate Investment Trust stock. The stock was acquired at an average cost of $1.14 per share, for a total transaction of $16,755.72.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ:WHLR traded up $0.06 during midday trading on Thursday, reaching $1.04. 35,522,033 shares of the company’s stock were exchanged, compared to its average volume of 528,100. The company’s 50 day simple moving average is $15.69 and its two-hundred day simple moving average is $69.13. Wheeler Real Estate Investment Trust, Inc. has a 12 month low of $0.98 and a 12 month high of $2,304.18. The firm has a market capitalization of $573,705.00, a PE ratio of -0.00 and a beta of 1.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HRT Financial LP bought a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $38,000. Jane Street Group LLC bought a new stake in Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $62,000. Finally, Bank of America Corp DE acquired a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $80,000. 35.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen upgraded Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reaffirmed 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, According to data from MarketBeat, the company currently has an average rating of “Sell”.

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.