Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $170.36 and traded as low as $0.3375. Wheeler Real Estate Investment Trust shares last traded at $0.3569, with a volume of 268,880 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on WHLR. Weiss Ratings cut Wheeler Real Estate Investment Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Performance

The firm has a 50 day simple moving average of $6.31 and a 200 day simple moving average of $170.36. The firm has a market cap of $867,267.00, a P/E ratio of -0.00 and a beta of 1.18.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $34.98 earnings per share (EPS) for the quarter. The firm had revenue of $22.48 million for the quarter. Wheeler Real Estate Investment Trust had a net margin of 14.99% and a negative return on equity of 186.97%.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt sold 13,316 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $2.45, for a total transaction of $32,624.20. Following the completion of the transaction, the insider directly owned 19,078 shares in the company, valued at $46,741.10. The trade was a 41.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have acquired 20,396 shares of company stock valued at $77,335. 51.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HRT Financial LP purchased a new stake in shares of Wheeler Real Estate Investment Trust in the 4th quarter valued at about $38,000. Jane Street Group LLC purchased a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth about $62,000. Finally, Bank of America Corp DE purchased a new position in shares of Wheeler Real Estate Investment Trust during the second quarter worth about $80,000. 35.28% of the stock is currently owned by hedge funds and other 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.