Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Purchases $34,495.86 in Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt purchased 24,997 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $1.38 per share, for a total transaction of $34,495.86. Following the purchase, the insider directly owned 67,635 shares in the company, valued at approximately $93,336.30. This trade represents a 58.63% increase in their ownership of the stock. The transaction was disclosed in a document filed 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 sales and purchases with the SEC.

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

• On Wednesday, July 1st, Financial Lp Hrt acquired 14,698 shares of Wheeler Real Estate Investment Trust stock. The shares were purchased at an average price of $1.14 per share, with a total value of $16,755.72.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ WHLR traded up $0.06 during trading on Thursday, hitting $1.04. The stock had a trading volume of 35,522,033 shares, compared to its average volume of 528,100. Wheeler Real Estate Investment Trust, Inc. has a 12 month low of $0.98 and a 12 month high of $2,304.18. The company’s 50-day moving average price is $15.69 and its two-hundred day moving average price is $69.13. The company has a market capitalization of $573,705.00, a PE ratio of -0.00 and a beta of 1.04.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. 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”.

Institutional Trading of Wheeler Real Estate Investment Trust

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

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.