Magnetar Financial Llc Sells 87,177 Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Magnetar Financial Llc sold 87,177 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $0.86, for a total value of $74,972.22. Following the sale, the insider owned 8,037 shares in the company, valued at $6,911.82. The trade was a 91.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Magnetar Financial Llc also recently made the following trade(s):

• On Tuesday, April 14th, Magnetar Financial Llc sold 4,910 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.77, for a total value of $3,780.70.
• On Thursday, April 9th, Magnetar Financial Llc sold 12,346 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.83, for a total value of $10,247.18.
• On Wednesday, April 8th, Magnetar Financial Llc sold 6,234 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.86, for a total value of $5,361.24.
• On Tuesday, April 7th, Magnetar Financial Llc sold 6,774 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.85, for a total transaction of $5,757.90.
• On Monday, April 6th, Magnetar Financial Llc sold 6,503 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.92, for a total transaction of $5,982.76.
• On Thursday, April 2nd, Magnetar Financial Llc sold 13,253 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.93, for a total transaction of $12,325.29.
• On Wednesday, April 1st, Magnetar Financial Llc sold 3,332 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.95, for a total transaction of $3,165.40.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ WHLR traded down $0.12 during midday trading on Tuesday, hitting $0.78. The company’s stock had a trading volume of 196,169 shares, compared to its average volume of 114,661. Wheeler Real Estate Investment Trust, Inc. has a 1-year low of $0.74 and a 1-year high of $301.50. The firm’s fifty day moving average price is $1.51 and its 200-day moving average price is $2.58. The firm has a market cap of $1.40 million, a P/E ratio of 0.00 and a beta of 1.44.

Shares of Wheeler Real Estate Investment Trust are going to reverse split on the morning of Monday, April 20th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, April 19th.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its earnings results on Thursday, March 5th. The real estate investment trust reported ($2.67) earnings per share (EPS) for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 78.92% and a net margin of 11.86%.The business had revenue of $25.17 million during the quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. 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 cut shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Sunday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wheeler Real Estate Investment Trust currently has an average rating of “Sell”.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

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

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.