Financial Lp Hrt Buys 40,591 Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt bought 40,591 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of $0.60 per share, for a total transaction of $24,354.60. Following the purchase, the insider directly owned 161,974 shares in the company, valued at $97,184.40. This represents a 33.44% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, July 8th, Financial Lp Hrt sold 66,584 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.49, for a total value of $32,626.16.
• On Monday, July 6th, Financial Lp Hrt acquired 21,703 shares of Wheeler Real Estate Investment Trust stock. The stock was acquired at an average price of $0.08 per share, with a total value of $1,736.24.
• On Thursday, July 2nd, Financial Lp Hrt bought 17,348 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average price of $1.39 per share, for a total transaction of $24,113.72.
• On Wednesday, July 1st, Financial Lp Hrt purchased 14,698 shares of Wheeler Real Estate Investment Trust stock. The stock was acquired at an average cost 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 stock was bought at an average price of $1.38 per share, with a total value of $34,495.86.

Wheeler Real Estate Investment Trust Price Performance

WHLR opened at $0.41 on Friday. The company’s 50 day simple moving average is $11.59 and its 200-day simple moving average is $63.19. Wheeler Real Estate Investment Trust, Inc. has a one year low of $0.39 and a one year high of $2,178.22. The stock has a market capitalization of $225,390.00, a P/E ratio of -0.00 and a beta of 1.08.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in shares of Wheeler Real Estate Investment Trust during the second quarter worth about $80,000. HRT Financial LP bought a new position in Wheeler Real Estate Investment Trust in the fourth quarter valued at $38,000. Finally, Jane Street Group LLC bought a new position in Wheeler Real Estate Investment Trust in the fourth quarter valued at $62,000. 35.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WHLR. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

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.