Wheeler Real Estate Investment Trust (NASDAQ:WHLRL) Trading Down 0.6% – Here’s What Happened

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL) shares were down 0.6% during mid-day trading on Wednesday . The company traded as low as $82.50 and last traded at $82.0010. Approximately 2,020 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 5,602 shares. The stock had previously closed at $82.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Up 3.7%

The business has a fifty day moving average of $80.69 and a 200-day moving average of $88.10.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRL) is a publicly traded real estate investment trust that acquires and owns single-tenant net leased properties critical to everyday consumer needs. The company’s portfolio is focused on net leased retail assets under long-term, triple-net leases, providing stable rental income while transferring most property-level expenses to tenants.

The trust’s holdings span a diverse range of property types, including restaurants, convenience stores, automotive service centers and other service-oriented businesses.