Key Points
- Magnetar Financial LLC sold 87,177 shares of Wheeler REIT on April 13 at an average price of $0.86 (≈$74,972), cutting its stake by 91.56% to 8,037 shares, as disclosed in an SEC filing.
- Wheeler Real Estate Investment Trust will execute a 1-for-3 reverse split effective the morning of April 20, with share counts adjusted after the close on April 19.
- The stock shows signs of distress—market cap about $1.4 million, one-year low $0.74 (versus a prior high $301.50), negative EPS, and analysts have an average rating of "Sell".
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR - Get Free Report) major shareholder Magnetar Financial Llc sold 87,177 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $0.86, for a total value of $74,972.22. Following the completion of the transaction, the insider directly owned 8,037 shares of the company's stock, valued at approximately $6,911.82. This represents a 91.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% 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 Friday, April 10th, Magnetar Financial Llc sold 1,413 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.83, for a total value of $1,172.79.
- On Tuesday, April 14th, Magnetar Financial Llc sold 4,910 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.77, for a total value of $3,780.70.
- On Thursday, April 9th, Magnetar Financial Llc sold 12,346 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $0.83, for a total value of $10,247.18.
- 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 value of $5,361.24.
- On Tuesday, April 7th, Magnetar Financial Llc sold 6,774 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.85, for a total value of $5,757.90.
- On Monday, April 6th, Magnetar Financial Llc sold 6,503 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.92, for a total value of $5,982.76.
- On Thursday, April 2nd, Magnetar Financial Llc sold 13,253 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.93, for a total value of $12,325.29.
- On Wednesday, April 1st, Magnetar Financial Llc sold 3,332 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $0.95, for a total value of $3,165.40.
Wheeler Real Estate Investment Trust Stock Performance
Shares of Wheeler Real Estate Investment Trust stock opened at $0.78 on Wednesday. Wheeler Real Estate Investment Trust, Inc. has a one year low of $0.74 and a one year high of $301.50. The company has a market cap of $1.40 million, a PE ratio of 0.00 and a beta of 1.44. The business has a 50-day simple moving average of $1.51 and a 200-day simple moving average of $2.58.
Wheeler Real Estate Investment Trust's stock is set to reverse split on the morning of Monday, April 20th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, April 19th.
Wheeler Real Estate Investment Trust (NASDAQ:WHLR - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The real estate investment trust reported ($2.67) EPS for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 78.92% and a net margin of 11.86%.The company had revenue of $25.17 million for the quarter.
Analysts Set New Price Targets
WHLR has been the subject of a number of analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. Wall Street Zen downgraded Wheeler Real Estate Investment Trust from a "hold" rating to a "sell" rating in a research report on Sunday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".
Check Out Our Latest Report on Wheeler Real Estate Investment Trust
Hedge Funds Weigh In On Wheeler Real Estate Investment Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in Wheeler Real Estate Investment Trust in the second quarter valued at approximately $80,000. Jane Street Group LLC acquired a new position in Wheeler Real Estate Investment Trust in the fourth quarter valued at approximately $62,000. Finally, HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust in the fourth quarter valued at approximately $38,000. 35.28% of the stock is owned by institutional investors and hedge funds.
About Wheeler Real Estate Investment Trust
(
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.
Featured Articles
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].
