Wheeler Reit CEO Purchases $24,035 in Stock (WHLR)
Wheeler Reit (NASDAQ:WHLR) CEO Jon S. Wheeler bought 4,750 shares of the company’s stock on the open market in a transaction that occurred on 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 acquisition, the chief executive officer now directly owns 674,619 shares in the company, valued at approximately $3,413,572. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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, August 18th.
Shares of Wheeler Reit (NASDAQ:WHLR) traded down 1.96% on Tuesday, hitting $5.00. The stock had a trading volume of 16,386 shares. Wheeler Reit has a 52 week low of $3.75 and a 52 week high of $5.16. The stock has a 50-day moving average of $4.83 and a 200-day moving average of $4.64. The company’s market cap is $37.1 million.
The company also recently announced a aug 14 dividend, which is scheduled for Tuesday, September 30th. Shareholders 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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