Wheeler Real Estate Investment Trust Inc (WHLR) was Downgraded by JMP Securities to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. JMP Securities advised their investors in a research report released on Aug 22, 2016.
Wheeler Real Estate Investment Trust Inc closed down -0.0199 points or -1.15% at $1.71 with 64,805 shares getting traded on Friday. Post opening the session at $1.73, the shares hit an intraday low of $1.71 and an intraday high of $1.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 20, 2016, Jon S Wheeler (CEO) purchased 37,500 shares at $1.50 per share price. According to the SEC, on Dec 15, 2015, David Kelly (V.P. Director of Acquisitions) purchased 3,000 shares at $1.68 per share price. On Dec 8, 2015, Kurt R Harrington (director) purchased 20,000 shares at $1.86 per share price, according to the Form-4 filing with the securities and exchange commission.
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.