Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Financial Lp Hrt Buys 40,591 Shares

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt acquired 40,591 shares of the stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of $0.60 per share, with a total value of $24,354.60. Following the purchase, the insider owned 161,974 shares of the company’s stock, valued at approximately $97,184.40. This trade represents a 33.44% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 8th, Financial Lp Hrt sold 66,584 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.49, for a total transaction of $32,626.16.
• On Monday, July 6th, Financial Lp Hrt bought 21,703 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average cost of $0.08 per share, for a total transaction of $1,736.24.
• On Thursday, July 2nd, Financial Lp Hrt purchased 17,348 shares of Wheeler Real Estate Investment Trust stock. The stock was acquired at an average cost of $1.39 per share, with a total value of $24,113.72.
• 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 price of $1.14 per share, with a total value of $16,755.72.
• On Tuesday, June 30th, Financial Lp Hrt bought 24,997 shares of Wheeler Real Estate Investment Trust stock. The stock was bought 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 $0.43 on Friday. Wheeler Real Estate Investment Trust, Inc. has a 12 month low of $0.40 and a 12 month high of $2,210.40. The stock has a market capitalization of $236,500.00, a price-to-earnings ratio of -0.00 and a beta of 1.08. The business has a fifty day moving average price of $12.13 and a 200 day moving average price of $63.63.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Monday. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Wheeler Real Estate Investment Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WHLR. Bank of America Corp DE acquired a new position in shares of Wheeler Real Estate Investment Trust in the 2nd quarter valued at $80,000. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust in the fourth quarter valued at $38,000. Finally, Jane Street Group LLC acquired a new position in Wheeler Real Estate Investment Trust in the fourth quarter valued at $62,000. Institutional investors and hedge funds own 35.28% of the company’s stock.

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.