Key Points
- Magnetar Financial has been selling WHLR stock, disposing of 13,253 shares on April 2 (avg $0.93) and additional lots on April 1 and April 6, totaling about 23,088 shares and cutting its stake by 9.35% to 128,484 shares.
- Wheeler trades around $0.90 with a tiny market cap of $1.29 million, reported a loss of ($2.67) EPS last quarter on $25.17 million revenue, and carries an average analyst rating of "Sell" despite a recent upgrade to "Hold."
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR - Get Free Report) major shareholder Magnetar Financial Llc sold 13,253 shares of the business's stock in a transaction dated 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 directly owned 128,484 shares of the company's stock, valued at $119,490.12. The trade was a 9.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases 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 Trading Down 2.2%
Shares of WHLR stock opened at $0.90 on Tuesday. The firm has a 50-day moving average price of $1.94 and a 200 day moving average price of $2.83. Wheeler Real Estate Investment Trust, Inc. has a twelve month low of $0.89 and a twelve month high of $301.50. The company has a market capitalization 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 - Get Free Report) last announced its earnings results on Thursday, March 5th. The real estate investment trust reported ($2.67) earnings per share 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 firm had revenue of $25.17 million during the quarter.
Institutional Trading of Wheeler Real Estate Investment Trust
Institutional investors have recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth about $80,000. HRT Financial LP purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth about $38,000. Finally, Jane Street Group LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 35.28% of the company's stock.
Analyst Ratings Changes
WHLR has been the subject of several analyst reports. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday. Weiss Ratings reissued a "sell (d)" rating on shares of Wheeler Real Estate Investment Trust in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".
Read Our Latest Stock Report on WHLR
Wheeler Real Estate Investment Trust Company Profile
(
Get Free Report)
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.
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