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

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

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ WHLR opened at $1.03 on Friday. The stock has a fifty day moving average of $14.47 and a 200-day moving average of $67.62. The stock has a market cap of $566,500.00, a PE ratio of -0.00 and a beta of 1.08. 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.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Several analysts have issued reports on WHLR shares. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday. Weiss Ratings reissued 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.com, Wheeler Real Estate Investment Trust presently 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.