Wheeler Reit CEO Jon Wheeler Acquires 235,000 Shares (WHLR)
Wheeler Reit (NASDAQ:WHLR) CEO Jon Wheeler bought 235,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average price of $4.18 per share, with a total value of $982,300.00. Following the completion of the purchase, the chief executive officer now directly owns 662,200 shares in the company, valued at approximately $2,767,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Wheeler Reit (NASDAQ:WHLR) traded up 3.74% on Thursday, hitting $4.44. 30,007 shares of the company’s stock traded hands. Wheeler Reit has a 52 week low of $3.75 and a 52 week high of $6.49. The stock has a 50-day moving average of $4.26 and a 200-day moving average of $4.61. The company’s market cap is $31.6 million.
The company also recently declared a monthly dividend, which is scheduled for Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of 0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date of this dividend is Friday, December 27th.
Wheeler Real Estate Investment Trust, Inc is formed for the purpose of acquiring, financing, developing, leasing, owning and managing income producing assets, such as strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties.
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