Wheeler Real Estate Investment Trust, Inc. (WHLR): Jon S Wheeler , CEO of Wheeler Real Estate Investment Trust, Inc. purchased 37,500 shares on May 19, 2016. The Insider buying transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.50 per share for a total value of $56,250.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Jon S Wheeler (CEO) purchased 37,500 shares at $1.50 per share price.On Dec 15, 2015, David Kelly (V.P. Director of Acquisitions) purchased 3,000 shares at $1.68 per share price.Also, On Dec 8, 2015, Kurt R Harrington (director) purchased 20,000 shares at $1.86 per share price.On Nov 13, 2015, Jeffrey M. Zwerdling (director) purchased 9,529 shares at $1.88 per share price.
Wheeler Real Estate Investment Trust Inc: On Thursday, May 19, 2016 heightened volatility was witnessed in Wheeler Real Estate Investment Trust Inc which led to swings in the share price. The shares opened for trading at $1.5 and hit $1.525 on the upside , eventually ending the session at $1.52, with a gain of 2.01% or 0.03 points. The heightened volatility saw the trading volume jump to 1,77,912 shares. The 52-week high of the share price is $2.4 and the company has a market cap of $101 M . The 52-week low of the share price is at $1.1.
Company has been under the radar of several Street Analysts.Wheeler Real Estate Investment Trust Inc is Reiterated by Compass Point to Buy while Lowering the Price Target of the company shares to $ 2.50 from a previous price target of $3 . The Rating was issued on Mar 16, 2016.Wheeler Real Estate Investment Trust Inc is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 2 from a previous price target of $2.50 . The Rating was issued on Mar 10, 2016.
Wheeler Real Estate Investment Trust Inc. is a self-managed commercial real estate investment company. The Company is focused on acquiring and managing retail properties with a focus on grocery-anchored retail centers. It focuses on acquiring and reinvigorating retail properties in secondary and tertiary markets. The Company leases its properties to national and regional retailers that offer consumer goods. The Company owns a portfolio of approximately 41 properties. Its platform with in-house development capabilities allows it to pursue development and redevelopment projects with multiple uses. Its properties are located in Virginia North Carolina South Carolina Florida Georgia Kentucky Oklahoma Tennessee and New Jersey. Its properties include Amscot Building Berkley Bixby Commons Courtland Commons Cypress Shopping Center Graystone Crossing Cardinal Plaza Franklinton Square Nashville Commons and Harrodsburg Marketplace among others.