Financial Lp Hrt Purchases 17,348 Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt purchased 17,348 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were acquired at an average cost of $1.39 per share, for a total transaction of $24,113.72. Following the completion of the purchase, the insider directly owned 99,680 shares of the company’s stock, valued at approximately $138,555.20. This represents a 21.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 stock was acquired at an average cost of $0.08 per share, with a total value of $1,736.24.
• On Wednesday, July 1st, Financial Lp Hrt bought 14,698 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average cost of $1.14 per share, with a total value of $16,755.72.
• On Tuesday, June 30th, Financial Lp Hrt acquired 24,997 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average price of $1.38 per share, with a total value of $34,495.86.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ WHLR traded down $0.18 during mid-day trading on Tuesday, hitting $0.56. The stock had a trading volume of 1,367,186 shares, compared to its average volume of 555,410. Wheeler Real Estate Investment Trust, Inc. has a 1 year low of $0.53 and a 1 year high of $2,210.40. The business has a 50 day moving average price of $13.88 and a two-hundred day moving average price of $66.20. The firm has a market cap of $305,250.00, a P/E ratio of -0.00 and a beta of 1.08.

Institutional Trading of Wheeler Real Estate Investment Trust

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the fourth quarter valued at approximately $62,000. HRT Financial LP purchased a new position in Wheeler Real Estate Investment Trust in the 4th quarter worth approximately $38,000. Finally, Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust in the 2nd quarter valued at approximately $80,000. 35.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WHLR shares. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a research 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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheeler Real Estate Investment Trust presently has a consensus rating of “Sell”.

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.