Menta Capital LLC acquired a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,252 shares of the real estate investment trust’s stock, valued at approximately $380,000. Menta Capital LLC owned about 0.43% of Wheeler Real Estate Investment Trust as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WHLR. Vanguard Group Inc. increased its stake in Wheeler Real Estate Investment Trust by 47.3% in the first quarter. Vanguard Group Inc. now owns 4,324,217 shares of the real estate investment trust’s stock worth $7,481,000 after purchasing an additional 1,387,874 shares during the period. Renaissance Technologies LLC lifted its position in shares of Wheeler Real Estate Investment Trust by 373.5% during the first quarter. Renaissance Technologies LLC now owns 1,557,925 shares of the real estate investment trust’s stock worth $2,695,000 after purchasing an additional 1,228,925 shares during the last quarter. Stilwell Value LLC bought a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter worth $7,227,000. Geode Capital Management LLC lifted its position in shares of Wheeler Real Estate Investment Trust by 27.3% during the first quarter. Geode Capital Management LLC now owns 159,220 shares of the real estate investment trust’s stock worth $275,450,000 after purchasing an additional 34,108 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Wheeler Real Estate Investment Trust by 1,910.6% during the first quarter. JPMorgan Chase & Co. now owns 144,764 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 137,564 shares during the last quarter.

In related news, CEO Jon S. Wheeler acquired 4,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $10.04 per share, with a total value of $40,160.00. Following the transaction, the chief executive officer now owns 110,997 shares of the company’s stock, valued at approximately $1,114,409.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.27% of the company’s stock.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) opened at 11.91 on Tuesday. The company’s market cap is $103.30 million. Wheeler Real Estate Investment Trust, Inc. has a 52 week low of $7.95 and a 52 week high of $14.64. The company has a 50-day moving average price of $10.79 and a 200 day moving average price of $11.14.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 29th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.36 annualized dividend and a dividend yield of 11.42%. Wheeler Real Estate Investment Trust’s dividend payout ratio is currently -74.32%.

A number of analysts have recently issued reports on WHLR shares. ValuEngine raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating and issued a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, September 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $15.20.

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About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a self-managed commercial real estate investment company. The Company focuses on acquiring and managing retail properties with a primary focus on grocery-anchored centers. As of December 31, 2016, the Company owned a portfolio consisting of 74 properties, including 59 retail shopping centers and five freestanding retail properties totaling 4,906,511 gross leasable square feet of which approximately 94% were leased, one office property, eight undeveloped land parcels totaling approximately 70 acres and one redevelopment project.

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Institutional Ownership by Quarter for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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