Ns Advisors decreased Its Wheeler Real Estate Investment Trust, Inc Stake

April 17, 2018 - By Clifton Ray

Ns Advisors Reported reduced Stake in Wheeler Real Estate Investment Trust, Inc

Ns Advisors filed with SEC a SC 13D/A form for Wheeler Real Estate Investment Trust, Inc. It can be found at: 000089706918000248. As reported by Ns Advisors, the filler decreased its stake in the stock by -14.29 % for 519,035 shares. Ns Advisors currently owns 5.8% of the Finance- stock. Date of activity: April 16, 2018.

The hedge fund with about $212.83 million looks more negative after reporting such a decrease of its Wheeler Real Estate Investment Trust, Inc ownership.

The hedge fund is investor in the Finance sector.

Reasons Why Ns Advisors Holds Wheeler Real Estate Investment Trust, Inc

Purpose of Transaction

This is the Reporting Persons’ initial Schedule 13D filing. In the aggregate, the Reporting Persons hold 5.8% of the Issuer’s Common Stock, based upon the Issuer’s outstanding shares (as adjusted to address the Preferred Stock convertible into shares of Common Stock) as of March 5, 2018.

The Reporting Persons are concerned about the Issuer’s current trading price. It is the Reporting Persons’ intent to engage in a dialogue with the management and the board of directors of the Issuer to address these concerns and questions.

On April 16, 2018, the Issuer announced that effective immediately its Board of Directors had appointed Mr. Jones as a new director.

Mr. Jones, the managing partner of NS Advisors, sent a letter dated January 26, 2018 to Mr. Jeffrey M. Zwerdling, the Lead Director of the Issuer, addressing concerns related to the performance of the Issuer. A copy of the letter was attached as E

xhibit 99.3

to the amended Schedule 13D filed with the Securities and Exchange Commission on January 29, 2018.

Mr. Jones sent a letter dated July 20, 2017 to Mr. Jon S. Wheeler, Chairman and Chief Executive Officer of the Issuer, addressing, among other things, ways in which he believes shareholder value may be maximized. A copy of the letter was attached as

Exhibit 99.2

to the initial Schedule 13D filed with the Securities and Exchange Commission on July 21, 2017.

Unless otherwise noted in this Schedule 13D, no Reporting Person has any plans or proposals which relate to, or would result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their positions and formulate plans or proposals with respect thereto. The Reporting Persons may make further purchases of shares of Common Stock, although they have no present intention of increasing their aggregate holdings above 9.999% of the Issuer’s outstanding Common Stock. The Reporting Persons may dispose of any or all the shares of Common Stock which they hold.

SEC Form 13D.

Ns Advisors website.

The stock increased 3.45% or $0.13 during the last trading session, reaching $3.9. About 170,176 shares traded. Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) has declined 74.57% since April 17, 2017 and is downtrending. It has underperformed by 86.12% the S&P500.

Wheeler Real Estate Investment Trust, Inc. engages in acquiring, financing, developing, leasing, owning, and managing real estate properties in the mid-Atlantic, southeast, and southwest United States. The company has market cap of $37.36 million. It acquires strip centers, neighborhood, grocery-anchored, community, and free-standing retail properties. It currently has negative earnings. The firm leases its properties to national and regional retailers.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Ratings Coverage

Among 2 analysts covering Wheeler Real Estate IT (NASDAQ:WHLR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Wheeler Real Estate IT has $13.0 highest and $13.0 lowest target. $13’s average target is 233.33% above currents $3.9 stock price. Wheeler Real Estate IT had 3 analyst reports since November 3, 2017 according to SRatingsIntel. The stock has “Buy” rating by FBR Capital on Monday, January 8. The firm has “Neutral” rating by Compass Point given on Friday, November 3.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Ratings Chart

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