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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt sold 66,584 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $0.49, for a total value of $32,626.16. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 purchased 40,591 shares of Wheeler Real Estate Investment Trust stock. The stock was acquired at an average price of $0.60 per share, for a total transaction 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 acquired at an average cost of $0.08 per share, with a total value of $1,736.24.
• On Thursday, July 2nd, Financial Lp Hrt acquired 17,348 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average price of $1.39 per share, with a total value of $24,113.72.
• On Wednesday, July 1st, Financial Lp Hrt acquired 14,698 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired 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 stock was acquired at an average cost of $1.38 per share, for a total transaction of $34,495.86.

Wheeler Real Estate Investment Trust Price Performance

NASDAQ:WHLR opened at $0.43 on Friday. The firm has a market capitalization of $236,500.00, a P/E ratio of -0.00 and a beta of 1.08. Wheeler Real Estate Investment Trust, Inc. has a 1-year low of $0.40 and a 1-year high of $2,210.40. The company’s fifty day moving average price is $12.13 and its 200-day moving average price is $63.63.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at about $62,000. HRT Financial LP acquired a new stake in Wheeler Real Estate Investment Trust in the 4th quarter valued at approximately $38,000. Finally, Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at $80,000. 35.28% of the stock is currently owned by institutional investors and hedge funds.

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.