Financial Lp Hrt Acquires 24,997 Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) 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 shares were purchased at an average cost of $1.38 per share, for a total transaction of $34,495.86. Following the completion of the transaction, the insider directly owned 67,635 shares of the company’s stock, valued at approximately $93,336.30. This represents a 58.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major 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 purchased 14,698 shares of Wheeler Real Estate Investment Trust stock. The stock was purchased at an average price of $1.14 per share, with a total value of $16,755.72.

Wheeler Real Estate Investment Trust Price Performance

Shares of WHLR opened at $1.03 on Friday. The firm has a 50-day moving average of $14.47 and a 200-day moving average of $67.62. Wheeler Real Estate Investment Trust, Inc. has a one year low of $0.98 and a one year high of $2,304.18. The company has a market cap of $566,500.00, a PE ratio of -0.00 and a beta of 1.08.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust during the second quarter worth approximately $80,000. HRT Financial LP bought a new stake in Wheeler Real Estate Investment Trust in the 4th quarter valued at $38,000. Finally, Jane Street Group LLC acquired a new position in Wheeler Real Estate Investment Trust in the 4th quarter valued at $62,000. Institutional investors own 35.28% of the company’s stock.

Analyst Upgrades and Downgrades

WHLR has been the subject of a number of research analyst reports. Wall Street Zen upgraded Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus 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.