Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Financial Lp Hrt Acquires 24,997 Shares

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt acquired 24,997 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $1.38 per share, for a total transaction of $34,495.86. Following the acquisition, the insider owned 67,635 shares of the company’s stock, valued at approximately $93,336.30. This trade represents a 58.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Wednesday, July 1st, Financial Lp Hrt bought 14,698 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average cost of $1.14 per share, with a total value of $16,755.72.

Wheeler Real Estate Investment Trust Stock Performance

WHLR stock opened at $1.03 on Friday. The firm has a 50 day moving average price of $15.08 and a 200-day moving average price of $68.09. Wheeler Real Estate Investment Trust, Inc. has a 52-week low of $0.98 and a 52-week high of $2,304.18. The firm has a market capitalization of $566,500.00, a price-to-earnings ratio of -0.00 and a beta of 1.08.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, April 8th. Wall Street Zen upgraded Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in WHLR. Jane Street Group LLC purchased a new stake in Wheeler Real Estate Investment Trust during the 4th quarter valued at $62,000. HRT Financial LP purchased a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth $38,000. Finally, Bank of America Corp DE purchased a new position in shares of Wheeler Real Estate Investment Trust in the second quarter worth $80,000. 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.