Wall Street Zen Upgrades Wheeler Real Estate Investment Trust (NASDAQ:WHLR) to “Hold”

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Performance

Wheeler Real Estate Investment Trust stock opened at $1.03 on Friday. Wheeler Real Estate Investment Trust has a 12 month low of $0.98 and a 12 month high of $2,304.18. The company has a market capitalization of $566,500.00, a price-to-earnings ratio of -0.00 and a beta of 1.08. The business’s fifty day simple moving average is $14.47 and its two-hundred day simple moving average is $67.62.

Insider Activity at Wheeler Real Estate Investment Trust

In related news, major shareholder Magnetar Financial Llc sold 1,816 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $41.28, for a total transaction of $74,964.48. Following the completion of the sale, the insider owned 167 shares of the company’s stock, valued at $6,893.76. This trade represents a 91.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Financial Lp Hrt acquired 24,997 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $1.38 per share, with a total value of $34,495.86. Following the completion of the acquisition, the insider owned 67,635 shares in the company, valued at $93,336.30. The trade was a 58.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 2,674 shares of company stock valued at $109,664 in the last three months. 51.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WHLR. Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust during the second quarter valued at $80,000. HRT Financial LP bought a new stake in Wheeler Real Estate Investment Trust in the 4th quarter worth about $38,000. Finally, Jane Street Group LLC purchased a new position in Wheeler Real Estate Investment Trust in the 4th quarter worth about $62,000. 35.28% of the stock is owned by institutional investors.

Wheeler Real Estate Investment Trust Company Profile

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.