Wheeler Reit CEO Jon S. Wheeler Purchases 4,750 Shares (WHLR)
Wheeler Reit (NASDAQ:WHLR) CEO Jon S. Wheeler acquired 4,750 shares of Wheeler Reit stock on the open market in a transaction dated Friday, August 29th. The stock was purchased at an average price of $5.06 per share, for a total transaction of $24,035.00. Following the completion of the transaction, the chief executive officer now directly owns 674,619 shares in the company, valued at approximately $3,413,572. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Maxim Group reiterated a “buy” rating on shares of Wheeler Reit in a research note on Monday, August 18th.
Wheeler Reit (NASDAQ:WHLR) traded down 1.18% on Tuesday, hitting $5.04. The stock had a trading volume of 14,186 shares. Wheeler Reit has a one year low of $3.75 and a one year high of $5.16. The stock’s 50-day moving average is $4.83 and its 200-day moving average is $4.64. The company’s market cap is $37.4 million.
The company also recently announced a aug 14 dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Sunday, August 31st will be paid a dividend of $0.035 per share. This represents a dividend yield of 8.42%. The ex-dividend date is Wednesday, August 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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