Insider Buying: Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Purchases 17,348 Shares of Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt bought 17,348 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was acquired at an average price of $1.39 per share, for a total transaction of $24,113.72. Following the purchase, the insider directly owned 99,680 shares in the company, valued at approximately $138,555.20. The trade was a 21.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, July 6th, Financial Lp Hrt purchased 21,703 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average price of $0.08 per share, for a total transaction of $1,736.24.
• On Wednesday, July 1st, Financial Lp Hrt purchased 14,698 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average cost of $1.14 per share, for a total transaction of $16,755.72.
• On Tuesday, June 30th, Financial Lp Hrt purchased 24,997 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average cost of $1.38 per share, for a total transaction of $34,495.86.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ WHLR traded down $0.18 on Tuesday, hitting $0.56. 1,367,186 shares of the stock traded hands, compared to its average volume of 555,410. The business’s fifty day moving average is $13.88 and its two-hundred day moving average is $66.20. Wheeler Real Estate Investment Trust, Inc. has a 12 month low of $0.53 and a 12 month high of $2,210.40. The firm has a market capitalization of $305,250.00, a price-to-earnings ratio of -0.00 and a beta of 1.08.

Wall Street Analyst Weigh In

WHLR has been the topic of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wheeler Real Estate Investment Trust has an average rating of “Sell”.

Institutional Trading of Wheeler Real Estate Investment Trust

A number of large investors have recently modified their holdings of WHLR. Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust in the second quarter worth approximately $80,000. HRT Financial LP purchased a new position in Wheeler Real Estate Investment Trust in the 4th quarter worth approximately $38,000. Finally, Jane Street Group LLC purchased a new position in Wheeler Real Estate Investment Trust in the 4th quarter worth approximately $62,000. 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.