Key Points
- Magnetar Financial LLC sold 12,346 WHLR shares on April 9 at $0.83 ($10,247.18) and, across April 1–9, sold roughly 48,442 shares for about $42.8K, leaving it with 96,627 shares (an 11.33% reduction reported after the April 9 sale).
- Wheeler REIT is trading near $0.83 with a market cap around $1.5M, reported a -$2.67 EPS and negative ROE last quarter, and the stock carries a consensus "Sell" rating despite one broker upgrading to "Hold".
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR - Get Free Report) major shareholder Magnetar Financial Llc sold 12,346 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $0.83, for a total transaction of $10,247.18. Following the transaction, the insider directly owned 96,627 shares of the company's stock, valued at $80,200.41. This trade represents a 11.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% 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 Wednesday, April 8th, Magnetar Financial Llc sold 6,234 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.86, for a total transaction of $5,361.24.
- On Tuesday, April 7th, Magnetar Financial Llc sold 6,774 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.85, for a total transaction of $5,757.90.
- 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 Thursday, April 2nd, Magnetar Financial Llc sold 13,253 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.93, for a total transaction of $12,325.29.
- 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 0.2%
Shares of NASDAQ:WHLR opened at $0.83 on Friday. Wheeler Real Estate Investment Trust, Inc. has a 12 month low of $0.80 and a 12 month high of $301.50. The company has a 50-day moving average price of $1.69 and a 200 day moving average price of $2.76. The company has a market cap of $1.50 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 quarterly 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.
Institutional Trading of Wheeler Real Estate Investment Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WHLR. HRT Financial LP purchased a new stake in Wheeler Real Estate Investment Trust in the 4th quarter worth about $38,000. Jane Street Group LLC purchased a new stake in Wheeler Real Estate Investment Trust in the 4th quarter worth about $62,000. Finally, Bank of America Corp DE purchased a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter worth about $80,000. 35.28% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on WHLR. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Wheeler Real Estate Investment Trust in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".
Read Our Latest Research Report on Wheeler Real Estate Investment Trust
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
