Revenue Update on Wheeler Real Estate Investment Trust Inc(NASDAQ:WHLR)

Wheeler Real Estate Investment Trust Inc(NASDAQ:WHLR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $11.09M. Analysts estimated a revenue of $9.05M. Earnings per share were $0.04. Analysts had estimated an EPS of $0.04.

Wheeler Real Estate Investment Trust Inc (WHLR) made into the market gainers list on Fridays trading session with the shares advancing 2.37% or 0.04 points. Due to strong positive momentum, the stock ended at $1.73, which is also near the day’s high of $1.73. The stock began the session at $1.7 and the volume stood at 1,06,378 shares. The 52-week high of the shares is $2.03 and the 52 week low is $1.1. The company has a current market capitalization of $117 M and it has 6,78,89,351 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Jon S Wheeler (CEO) purchased 37,500 shares at $1.50 per share price.Also, 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.

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