Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.42 and traded as low as $0.87. Wheeler Real Estate Investment Trust shares last traded at $0.90, with a volume of 126,427 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised 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 reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Down 5.3%

The company has a market cap of $936,000.00, a PE ratio of 0.00 and a beta of 1.04. The stock’s 50 day moving average is $1.86 and its 200-day moving average is $5.42.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $5.97 earnings per share (EPS) for the quarter. Wheeler Real Estate Investment Trust had a net margin of 3.26% and a negative return on equity of 25.43%. The company had revenue of $24.01 million for the quarter.

Insiders Place Their Bets

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 transaction of $74,972.22. Following the transaction, the insider owned 2,679 shares in the company, valued at $6,911.82. The trade was a 91.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 48,353 shares of company stock worth $125,258 in the last quarter. Insiders own 51.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust in the second quarter worth about $80,000. HRT Financial LP bought a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $38,000. Finally, Jane Street Group LLC bought a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $62,000. 35.28% of the stock is currently owned by 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.