Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Scheduled to Reverse Split on Monday, April 20th

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares are set to reverse split before the market opens on Monday, April 20th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, April 19th.

Wheeler Real Estate Investment Trust Stock Up 3.0%

Shares of WHLR opened at $0.80 on Thursday. The stock has a market cap of $1.44 million, a P/E ratio of 0.00 and a beta of 1.44. The business’s 50 day moving average price is $1.47 and its 200-day moving average price is $2.57. Wheeler Real Estate Investment Trust has a 52 week low of $0.74 and a 52 week high of $301.50.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its quarterly earnings data on Thursday, March 5th. The real estate investment trust reported ($2.67) earnings per share for the quarter. The company had revenue of $25.17 million for the quarter. Wheeler Real Estate Investment Trust had a net margin of 11.86% and a negative return on equity of 78.92%.

Analyst Ratings Changes

WHLR has been the subject of several analyst reports. Wall Street Zen downgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Insider Buying and Selling at Wheeler Real Estate Investment Trust

In related news, major shareholder Magnetar Financial Llc sold 87,177 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $0.86, for a total value of $74,972.22. Following the completion of the transaction, the insider directly owned 8,037 shares in the company, valued at $6,911.82. The trade was a 91.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 141,942 shares of company stock worth $122,765 over the last ninety days. 51.93% of the stock is owned by company insiders.

Institutional Trading of Wheeler Real Estate Investment Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth $62,000. HRT Financial LP bought a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter valued at $38,000. Finally, Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust during the second quarter valued at $80,000. Institutional investors own 35.28% of the company’s stock.

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.