Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Posts Earnings Results

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) issued its earnings results on Thursday. The real estate investment trust reported $0.24 earnings per share for the quarter, FiscalAI reports. Wheeler Real Estate Investment Trust had a net margin of 3.26% and a negative return on equity of 25.43%. The firm had revenue of $22.48 million for the quarter.

Wheeler Real Estate Investment Trust Price Performance

Shares of WHLR stock traded down $0.03 during midday trading on Thursday, reaching $0.49. 846,548 shares of the company traded hands, compared to its average volume of 595,128. The firm’s 50 day simple moving average is $23.93 and its two-hundred day simple moving average is $258.67. Wheeler Real Estate Investment Trust has a 1-year low of $0.37 and a 1-year high of $5,490.00.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WHLR shares. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Insider Transactions at Wheeler Real Estate Investment Trust

In other Wheeler Real Estate Investment Trust news, major shareholder Financial Lp Hrt sold 13,316 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $2.45, for a total transaction of $32,624.20. Following the sale, the insider directly owned 19,078 shares in the company, valued at approximately $46,741.10. The trade was a 41.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 20,396 shares of company stock worth $77,335 over the last ninety days. Insiders own 51.93% of the company’s stock.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter worth about $80,000. HRT Financial LP purchased a new stake in Wheeler Real Estate Investment Trust in the fourth quarter valued at approximately $38,000. Finally, Jane Street Group LLC purchased a new stake in Wheeler Real Estate Investment Trust in the fourth quarter valued at approximately $62,000. 35.28% of the stock is owned by institutional investors and hedge funds.

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.