Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Issues Quarterly Earnings Results

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) released its earnings results on Friday. The real estate investment trust reported $5.97 EPS for the quarter, Zacks reports. Wheeler Real Estate Investment Trust had a negative return on equity of 78.92% and a net margin of 11.86%.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ:WHLR remained flat at $1.14 on Friday. The company’s stock had a trading volume of 97,016 shares, compared to its average volume of 245,154. The stock has a market capitalization of $229,140.00, a PE ratio of 0.00 and a beta of 1.12. The business has a fifty day moving average of $3.26 and a two-hundred day moving average of $6.39. Wheeler Real Estate Investment Trust has a 12 month low of $1.03 and a 12 month high of $904.50.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WHLR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, April 8th. Wall Street Zen upgraded Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wheeler Real Estate Investment Trust currently has an average rating of “Sell”.

Insider Buying and Selling

In other Wheeler Real Estate Investment Trust news, major shareholder Magnetar Financial Llc sold 29,059 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $2.58, for a total transaction of $74,972.22. Following the completion of the sale, the insider directly owned 2,679 shares in the company, valued at $6,911.82. This represents a 91.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 48,353 shares of company stock worth $125,258 in the last ninety days. Corporate insiders own 51.93% of the company’s stock.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP purchased a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $38,000. Jane Street Group LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $62,000. Finally, Bank of America Corp DE purchased a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter worth about $80,000. 35.28% of the stock is currently owned by institutional investors and hedge funds.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.