Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Stock Falls 0.8% – Here’s What Happened

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP)’s share price was down 0.8% on Thursday. The company traded as low as $12.50 and last traded at $12.89. Approximately 8,282 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 15,083 shares. The stock had previously closed at $12.99.

Wheeler Real Estate Investment Trust Trading Down 3.4%

The firm’s fifty day moving average price is $9.46 and its 200-day moving average price is $8.63.

Institutional Trading of Wheeler Real Estate Investment Trust

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Susquehanna International Group LLP lifted its position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,855 shares of the company’s stock after purchasing an additional 1,423 shares during the quarter. Susquehanna International Group LLP’s holdings in Wheeler Real Estate Investment Trust were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on owning and operating income-producing retail properties. Its portfolio has historically consisted primarily of grocery-anchored shopping centers and other neighborhood retail properties serving everyday consumer needs.

The company leases space to grocery stores, restaurants, service providers and other retailers. Its properties are generally located in the southeastern and mid-Atlantic United States, with an emphasis on communities where shopping centers provide essential goods and services.

Wheeler Real Estate Investment Trust was founded in 2012 and is headquartered in Virginia Beach, Virginia.