Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $76.40 and traded as low as $2.20. Wheeler Real Estate Investment Trust shares last traded at $2.43, with a volume of 507,368 shares trading hands.

Analyst Ratings Changes

A number of research analysts have issued reports on WHLR shares. Weiss Ratings reissued 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 report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

The stock has a market cap of $836,000.00, a P/E ratio of -0.00 and a beta of 1.04. The company has a fifty day moving average of $17.67 and a 200 day moving average of $73.74.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $95.52 earnings per share (EPS) for the quarter. The company had revenue of $24.01 million for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 25.43% and a net margin of 3.26%.

Insider Transactions at Wheeler Real Estate Investment Trust

In other Wheeler Real Estate Investment Trust news, major shareholder Magnetar Financial Llc sold 1,816 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $41.28, for a total value of $74,964.48. Following the sale, the insider directly owned 167 shares in the company, valued at approximately $6,893.76. The trade was a 91.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 3,019 shares of company stock worth $125,131 over the last quarter. 51.93% of the stock is owned by insiders.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Several hedge funds have recently made changes to their positions in WHLR. HRT Financial LP acquired a new stake in Wheeler Real Estate Investment Trust during the fourth quarter valued at approximately $38,000. Jane Street Group LLC acquired a new position in Wheeler Real Estate Investment Trust in the fourth quarter worth approximately $62,000. Finally, Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust in the second quarter valued at $80,000. Institutional investors and hedge funds own 35.28% of the company’s stock.

About Wheeler Real Estate Investment Trust

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.