Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.60 and traded as low as $1.73. Wheeler Real Estate Investment Trust shares last traded at $1.91, with a volume of 537,833 shares changing hands.

Analyst Ratings Changes

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

Wheeler Real Estate Investment Trust Trading Down 2.6%

The company has a market capitalization of $382,000.00, a price-to-earnings ratio of 0.00 and a beta of 1.12. The firm’s 50 day simple moving average is $3.47 and its 200-day simple moving average is $6.60.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings data on Thursday, March 5th. The real estate investment trust reported ($8.01) earnings per share (EPS) for the quarter. The firm had revenue of $25.17 million during the quarter. Wheeler Real Estate Investment Trust had a net margin of 11.86% and a negative return on equity of 78.92%.

Insider Transactions at Wheeler Real Estate Investment Trust

In other Wheeler Real Estate Investment Trust news, major shareholder Magnetar Financial Llc sold 29,059 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $2.58, for a total value of $74,972.22. Following the transaction, the insider directly owned 2,679 shares of the company’s stock, valued at approximately $6,911.82. The trade was a 91.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 48,353 shares of company stock valued at $125,258. Insiders own 51.93% of the company’s stock.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Several institutional investors have recently made changes to their positions in WHLR. Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth $62,000. HRT Financial LP acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth $38,000. Finally, Bank of America Corp DE acquired a new position in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth $80,000. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

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.