Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Pass Below 200 Day Moving Average – What’s Next?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.53 and traded as low as $3.21. Wheeler Real Estate Investment Trust shares last traded at $3.43, with a volume of 133,138 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on WHLR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, October 14th. Wall Street Zen lowered shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Wheeler Real Estate Investment Trust presently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Up 2.7%

The stock has a fifty day moving average price of $7.18 and a two-hundred day moving average price of $23.53. The company has a market capitalization of $3.26 million, a price-to-earnings ratio of 0.00 and a beta of 1.36.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned 1.03% of Wheeler Real Estate Investment Trust as of its most recent filing with the Securities & Exchange Commission. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

Wheeler Real Estate Investment Trust Company Profile

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.