Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Rating Lowered to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) from a buy rating to a hold rating in a report issued on Saturday.

Wheeler Real Estate Investment Trust Stock Performance

Wheeler Real Estate Investment Trust stock opened at $1.36 on Friday. The company has a 50 day moving average price of $2.67 and a 200 day moving average price of $9.39. Wheeler Real Estate Investment Trust has a 52 week low of $0.65 and a 52 week high of $752.40. The firm has a market capitalization of $1.29 million, a price-to-earnings ratio of 0.00 and a beta of 1.28.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE purchased a new stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned approximately 1.03% of Wheeler Real Estate Investment Trust at the end of the most recent quarter. 35.28% of the stock is currently owned by institutional investors.

About Wheeler Real Estate Investment Trust

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.