Financial Lp Hrt Sells 66,584 Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt sold 66,584 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $0.49, for a total value of $32,626.16. Following the completion of the transaction, the insider owned 95,390 shares in the company, valued at approximately $46,741.10. This represents a 41.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, July 7th, Financial Lp Hrt bought 40,591 shares of Wheeler Real Estate Investment Trust stock. The shares were bought at an average price of $0.60 per share, with a total value of $24,354.60.
• On Monday, July 6th, Financial Lp Hrt purchased 21,703 shares of Wheeler Real Estate Investment Trust stock. The shares were bought at an average price of $0.08 per share, for a total transaction of $1,736.24.
• On Thursday, July 2nd, Financial Lp Hrt purchased 17,348 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average cost of $1.39 per share, for a total transaction of $24,113.72.
• On Wednesday, July 1st, Financial Lp Hrt acquired 14,698 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average price of $1.14 per share, with a total value of $16,755.72.
• On Tuesday, June 30th, Financial Lp Hrt acquired 24,997 shares of Wheeler Real Estate Investment Trust stock. The shares were bought at an average cost of $1.38 per share, with a total value of $34,495.86.

Wheeler Real Estate Investment Trust Stock Performance

Shares of Wheeler Real Estate Investment Trust stock opened at $0.41 on Friday. Wheeler Real Estate Investment Trust, Inc. has a 52-week low of $0.39 and a 52-week high of $2,178.22. The stock has a market capitalization of $225,390.00, a price-to-earnings ratio of -0.00 and a beta of 1.08. The company’s 50 day moving average price is $11.59 and its 200-day moving average price is $63.19.

Institutional Trading of Wheeler Real Estate Investment Trust

A number of hedge funds have recently modified their holdings of WHLR. Jane Street Group LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the 4th quarter worth about $62,000. HRT Financial LP purchased a new position in Wheeler Real Estate Investment Trust during the 4th quarter valued at about $38,000. Finally, Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $80,000. Institutional investors own 35.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Monday. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wheeler Real Estate Investment Trust has an average rating of “Sell”.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.