Wheeler Reit CEO Buys $102,000 in Stock (WHLR)
Wheeler Reit (NASDAQ:WHLR) CEO Jon S. Wheeler bought 20,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $5.10 per share, with a total value of $102,000.00. Following the transaction, the chief executive officer now directly owns 674,369 shares in the company, valued at approximately $3,439,282. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Wheeler Reit (NASDAQ:WHLR) traded up 0.67% during mid-day trading on Friday, hitting $5.084. The stock had a trading volume of 34,854 shares. Wheeler Reit has a 52 week low of $3.75 and a 52 week high of $5.16. The stock’s 50-day moving average is $4.76 and its 200-day moving average is $4.6. The company’s market cap is $37.8 million.
The company also recently declared a aug 14 dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Sunday, August 31st will be given a dividend of $0.035 per share. This represents a yield of 8.42%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of research firms have recently commented on WHLR. Analysts at Maxim Group reiterated a “buy” rating on shares of Wheeler Reit in a research note on Monday.
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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