Form 4: Ursa Fund Increases Stake in Wheeler REIT Through Series D Preferred Stock Purchases

Ursa Fund Management, LLC, along with related parties, has increased its holdings in Wheeler Real Estate Investment Trust, Inc. by purchasing additional Series D Cumulative Preferred stock.

Summary

• Ursa Fund Management, LLC, along with Ursa Fund Partners LP, Andrew Hahn, and Russell Douglas, have reported purchasing additional shares of Wheeler Real Estate Investment Trust, Inc.'s Series D Cumulative Preferred stock.
• On December 19, 2024, they acquired 13,901 shares at a weighted average price of $25.1005 per share, with individual prices ranging from $24.71 to $25.25.
• On December 20, 2024, they acquired another 4,399 shares at a weighted average price of $26.1291 per share, with individual prices ranging from $26.08 to $26.15.
• Following these transactions, the total holdings of Series D Cumulative Preferred stock by Ursa Fund Partners LP is 388,300 shares.
• Andrew Hahn and Russell Douglas, as Managing Members of Ursa Fund Management LLC, have the power to vote and dispose of these shares.

Sentiment

Score: 6

Explanation: The document is a routine SEC filing detailing stock purchases. It is neither particularly positive nor negative, but indicates a continued investment by a major shareholder.

Positives

• Ursa Fund's increased investment indicates confidence in Wheeler REIT.
• The purchases increase Ursa Fund's stake in the company.

Risks

• The document does not provide any information about the reasons for the purchases, which could be for various reasons including speculation or strategic investment.
• The document does not provide any information about the future intentions of Ursa Fund.

Industry Context

This filing reflects a specific transaction by a significant shareholder in a publicly traded REIT, which is common in the real estate investment sector. Such transactions can influence market perception of the company's stock.

Comparison to Industry Standards

• Similar transactions are common among institutional investors in REITs, such as purchases by pension funds, hedge funds, and other investment managers.
• The reported prices are within the range of typical trading prices for preferred stock, but the specific impact on the market will depend on the overall market conditions and the company's performance.
• Other REITs with similar preferred stock structures include companies like AGNC Investment Corp. and Annaly Capital Management, where institutional investors frequently adjust their holdings.

Stakeholder Impact

• The increased stake by Ursa Fund could be viewed positively by other shareholders, potentially increasing confidence in the company.
• The transactions may have a minor impact on the trading volume and price of the Series D Preferred stock.

Key Dates

Keywords

Wheeler Real Estate Investment Trust, Ursa Fund Management, Series D Preferred Stock, Stock Purchase, Beneficial Ownership, Real Estate Investment, WHLRD