Royce & Associates LP Sells 57,100 Shares of Wheeler Real Estate Investment Trust, Inc. (WHLR)

Royce & Associates LP decreased its position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 84.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,400 shares of the real estate investment trust’s stock after selling 57,100 shares during the quarter. Royce & Associates LP owned about 0.12% of Wheeler Real Estate Investment Trust worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its holdings in shares of Wheeler Real Estate Investment Trust by 9.1% during the first quarter. Asset Management One Co. Ltd. now owns 136,250 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 11,380 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Wheeler Real Estate Investment Trust by 27.3% during the first quarter. Geode Capital Management LLC now owns 159,220 shares of the real estate investment trust’s stock valued at $275,450,000 after acquiring an additional 34,108 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Wheeler Real Estate Investment Trust by 1,910.6% during the first quarter. JPMorgan Chase & Co. now owns 144,764 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 137,564 shares in the last quarter. Stilwell Value LLC bought a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter valued at approximately $7,227,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Wheeler Real Estate Investment Trust by 373.5% during the first quarter. Renaissance Technologies LLC now owns 1,557,925 shares of the real estate investment trust’s stock valued at $2,695,000 after acquiring an additional 1,228,925 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/09/20/royce-associates-lp-sells-57100-shares-of-wheeler-real-estate-investment-trust-inc-whlr.html.

In other news, CEO Jon S. Wheeler bought 4,000 shares of the stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $10.04 per share, for a total transaction of $40,160.00. Following the purchase, the chief executive officer now directly owns 110,997 shares in the company, valued at approximately $1,114,409.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.27% of the company’s stock.

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ WHLR) opened at 10.90 on Wednesday. The company’s market cap is $94.54 million. Wheeler Real Estate Investment Trust, Inc. has a 12-month low of $7.95 and a 12-month high of $14.64. The stock’s 50 day moving average price is $10.54 and its 200 day moving average price is $11.28.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 29th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.48%. The ex-dividend date is Thursday, September 28th. Wheeler Real Estate Investment Trust’s payout ratio is presently -91.80%.

Several research firms have recently commented on WHLR. ValuEngine downgraded Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. TheStreet downgraded Wheeler Real Estate Investment Trust from a “c-” rating to a “d” rating in a report on Tuesday, May 23rd. FBR & Co restated an “outperform” rating and set a $13.00 price objective on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, July 11th. Wunderlich decreased their price objective on Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, May 24th. Finally, JMP Securities downgraded Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.00.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a self-managed commercial real estate investment company. The Company focuses on acquiring and managing retail properties with a primary focus on grocery-anchored centers. As of December 31, 2016, the Company owned a portfolio consisting of 74 properties, including 59 retail shopping centers and five freestanding retail properties totaling 4,906,511 gross leasable square feet of which approximately 94% were leased, one office property, eight undeveloped land parcels totaling approximately 70 acres and one redevelopment project.

Institutional Ownership by Quarter for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

Receive News & Ratings for Wheeler Real Estate Investment Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheeler Real Estate Investment Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply