Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Set to Reverse Split on Monday, December 1st

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) are scheduled to reverse split on the morning of Monday, December 1st. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 30th.

Wheeler Real Estate Investment Trust Trading Down 27.7%

WHLR opened at $1.41 on Thursday. The stock’s 50-day moving average price is $3.83 and its 200 day moving average price is $14.91. Wheeler Real Estate Investment Trust has a 12-month low of $1.36 and a 12-month high of $973.00. The firm has a market cap of $1.95 million, a price-to-earnings ratio of 0.00 and a beta of 1.36.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported $4.20 EPS for the quarter. The company had revenue of $23.82 million during the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 20.00% and a net margin of 5.13%.

Analyst Upgrades and Downgrades

WHLR has been the subject of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, October 14th. Wall Street Zen cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheeler Real Estate Investment Trust presently has an average rating of “Sell”.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE acquired a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned approximately 1.03% of Wheeler Real Estate Investment Trust at the end of the most recent quarter. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

About Wheeler Real Estate Investment Trust

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.