Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Magnetar Financial Llc Sells 13,253 Shares of Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Magnetar Financial Llc sold 13,253 shares of Wheeler Real Estate Investment Trust stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $0.93, for a total transaction of $12,325.29. Following the completion of the transaction, the insider owned 128,484 shares in the company, valued at approximately $119,490.12. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Magnetar Financial Llc also recently made the following trade(s):

• On Monday, April 6th, Magnetar Financial Llc sold 6,503 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.92, for a total transaction of $5,982.76.
• On Wednesday, April 1st, Magnetar Financial Llc sold 3,332 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.95, for a total transaction of $3,165.40.

Wheeler Real Estate Investment Trust Price Performance

NASDAQ:WHLR opened at $0.90 on Tuesday. The firm’s fifty day moving average price is $1.94 and its 200 day moving average price is $2.83. Wheeler Real Estate Investment Trust, Inc. has a 1-year low of $0.89 and a 1-year high of $301.50. The firm has a market cap of $1.29 million, a price-to-earnings ratio of 0.00 and a beta of 1.44.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its earnings results on Thursday, March 5th. The real estate investment trust reported ($2.67) EPS for the quarter. Wheeler Real Estate Investment Trust had a net margin of 11.86% and a negative return on equity of 78.92%. The business had revenue of $25.17 million during the quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on WHLR. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Friday, January 9th. Wall Street Zen raised Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WHLR. Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth $62,000. HRT Financial LP acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth $38,000. Finally, Bank of America Corp DE acquired a new position in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth $80,000. Institutional investors and hedge funds own 35.28% of the company’s stock.

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.