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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt bought 40,591 shares of the stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average price of $0.60 per share, for a total transaction of $24,354.60. Following the completion of the purchase, the insider directly owned 161,974 shares in the company, valued at approximately $97,184.40. This trade represents a 33.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 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 acquired 21,703 shares of Wheeler Real Estate Investment Trust stock. The shares were bought at an average price of $0.08 per share, with a total value of $1,736.24.
• On Thursday, July 2nd, Financial Lp Hrt purchased 17,348 shares of Wheeler Real Estate Investment Trust stock. The shares were bought at an average price of $1.39 per share, with a total value of $24,113.72.
• On Wednesday, July 1st, Financial Lp Hrt acquired 14,698 shares of Wheeler Real Estate Investment Trust stock. The stock was purchased at an average price of $1.14 per share, for a total transaction 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 purchased at an average cost of $1.38 per share, with a total value of $34,495.86.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ WHLR remained flat at $0.43 during trading on Thursday. The stock had a trading volume of 1,782,880 shares, compared to its average volume of 574,051. The firm has a 50-day moving average of $12.73 and a 200-day moving average of $64.44. Wheeler Real Estate Investment Trust, Inc. has a 1 year low of $0.40 and a 1 year high of $2,210.40. The stock has a market cap of $236,500.00, a PE ratio of -0.00 and a beta of 1.08.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WHLR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Monday. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday, July 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.