Insider Buying: Wheeler Reit CEO Buys 4,750 Shares of Stock (WHLR)
Wheeler Reit (NASDAQ:WHLR) CEO Jon S. Wheeler purchased 4,750 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The shares were purchased at an average price of $5.06 per share, for a total transaction of $24,035.00. Following the acquisition, the chief executive officer now directly owns 674,619 shares in the company, valued at approximately $3,413,572. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Wheeler Reit (NASDAQ:WHLR) opened at 5.06 on Wednesday. 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 $4.84 and its 200-day moving average is $4.64. The company’s market cap is $37.6 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.
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 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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