Wheeler Real Estate Investment Trust Shares Set to Reverse Split on Tuesday, July 28th (NASDAQ:WHLR)

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) are going to reverse split before the market opens on Tuesday, July 28th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, July 27th.

Wheeler Real Estate Investment Trust Price Performance

Shares of WHLR stock opened at $0.23 on Friday. The stock has a market capitalization of $705,384.00, a PE ratio of -0.00 and a beta of 1.08. The business’s 50 day simple moving average is $7.88 and its 200 day simple moving average is $57.34. Wheeler Real Estate Investment Trust has a one year low of $0.21 and a one year high of $1,584.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheeler Real Estate Investment Trust presently has an average rating of “Sell”.

Insider Buying and Selling

In other Wheeler Real Estate Investment Trust news, major shareholder Financial Lp Hrt sold 66,584 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $0.49, for a total value of $32,626.16. Following the completion of the sale, the insider directly owned 95,390 shares in the company, valued at approximately $46,741.10. The trade was a 41.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 101,989 shares of company stock worth $77,342 over the last ninety days. Company insiders own 51.93% of the company’s stock.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Institutional investors and hedge funds have recently modified their holdings of the business. HRT Financial LP acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $38,000. Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at $62,000. Finally, Bank of America Corp DE acquired a new position in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at $80,000. 35.28% of the stock is currently owned by institutional investors.

Wheeler Real Estate Investment Trust Company Profile

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.