Wheeler Real Estate Investment Trust Inc (WHLR) CEO Purchases $50,998.00 in Stock

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) CEO Jon S. Wheeler purchased 4,300 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was bought at an average price of $11.86 per share, for a total transaction of $50,998.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) traded down 6.14% on Friday, reaching $9.17. 90,284 shares of the company were exchanged. The company’s 50 day moving average is $12.00 and its 200 day moving average is $4.30. The firm’s market capitalization is $79.01 million. Wheeler Real Estate Investment Trust Inc has a 12-month low of $9.02 and a 12-month high of $15.60.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its quarterly earnings results on Monday, February 27th. The real estate investment trust reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by $0.24. Wheeler Real Estate Investment Trust had a negative net margin of 23.24% and a negative return on equity of 15.48%. The business had revenue of $12.03 million during the quarter. Analysts forecast that Wheeler Real Estate Investment Trust Inc will post ($1.52) earnings per share for the current year.

Insider Buying and Selling by Quarter for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

The firm also recently declared a dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were given a $0.018 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. Wheeler Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -110.53%.

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A number of research analysts recently commented on WHLR shares. Wunderlich started coverage on shares of Wheeler Real Estate Investment Trust in a research note on Friday, January 27th. They issued a “buy” rating and a $18.00 price target on the stock. They noted that the move was a valuation call. TheStreet upgraded shares of Wheeler Real Estate Investment Trust from a “d+” rating to a “c-” rating in a research note on Tuesday, February 14th. Finally, Maxim Group reiterated a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, March 1st.

Hedge funds have recently bought and sold shares of the stock. Asset Management One Co. Ltd. raised its stake in Wheeler Real Estate Investment Trust by 9.1% in the first quarter. Asset Management One Co. Ltd. now owns 136,250 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 11,380 shares during the period. Geode Capital Management LLC boosted its position in shares of Wheeler Real Estate Investment Trust by 27.3% in the first quarter. Geode Capital Management LLC now owns 159,220 shares of the real estate investment trust’s stock valued at $275,450,000 after buying an additional 34,108 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Wheeler Real Estate Investment Trust during the first quarter valued at approximately $113,000. Royce & Associates LP purchased a new position in shares of Wheeler Real Estate Investment Trust during the first quarter valued at approximately $117,000. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Wheeler Real Estate Investment Trust by 38.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 345,000 shares of the real estate investment trust’s stock valued at $597,000 after buying an additional 95,000 shares in the last quarter. 41.57% of the stock is currently owned by institutional investors.

Wheeler Real Estate Investment Trust Company Profile

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.

5 Day Chart for NASDAQ:WHLR

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