Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Major Shareholder Magnolia Capital Fund, Lp Sells 9,380 Shares of Stock

Posted by Defense World Staff on Sep 20th, 2024

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR – Get Free Report) major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $20.48, for a total value of $192,102.40. Following the sale, the insider now directly owns 261,326 shares in the company, valued at $5,351,956.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Magnolia Capital Fund, Lp also recently made the following trade(s):

On Wednesday, September 11th, Magnolia Capital Fund, Lp sold 4,550 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $20.30, for a total value of $92,365.00.
On Monday, September 9th, Magnolia Capital Fund, Lp sold 5,033 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $20.15, for a total value of $101,414.95.
On Thursday, September 5th, Magnolia Capital Fund, Lp sold 13,500 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $19.17, for a total value of $258,795.00.
On Tuesday, September 3rd, Magnolia Capital Fund, Lp sold 2,900 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $19.05, for a total value of $55,245.00.
On Thursday, August 29th, Magnolia Capital Fund, Lp sold 3,600 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $19.14, for a total value of $68,904.00.
On Monday, August 26th, Magnolia Capital Fund, Lp sold 3,857 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $18.94, for a total transaction of $73,051.58.
On Monday, August 12th, Magnolia Capital Fund, Lp sold 3,516 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $19.00, for a total transaction of $66,804.00.
On Wednesday, July 31st, Magnolia Capital Fund, Lp sold 3,000 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $19.70, for a total transaction of $59,100.00.

Wheeler Real Estate Investment Trust Stock Performance

Shares of WHLR stock opened at $6.27 on Friday. Wheeler Real Estate Investment Trust, Inc. has a 52-week low of $0.97 and a 52-week high of $547.20. The stock has a market cap of $3.57 million, a PE ratio of 0.00 and a beta of 1.53. The firm’s 50 day moving average price is $5.09 and its two-hundred day moving average price is $5.43.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, July 3rd. They issued a “sell” rating for the company.

Check Out Our Latest Research Report on Wheeler Real Estate Investment Trust

Institutional Trading of Wheeler Real Estate Investment Trust

An institutional investor recently raised its position in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC raised its position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR – Free Report) by 17,568.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,871,187 shares of the real estate investment trust’s stock after acquiring an additional 20,753,058 shares during the quarter. Wheeler Real Estate Investment Trust makes up about 4.7% of Stilwell Value LLC’s investment portfolio, making the stock its 4th largest holding. Stilwell Value LLC owned 646.17% of Wheeler Real Estate Investment Trust worth $6,368,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

(Get Free Report)

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.