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

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) announced its earnings results on Thursday. The real estate investment trust reported ($2.67) earnings per share for the quarter, Zacks reports. Wheeler Real Estate Investment Trust had a negative return on equity of 295.94% and a net margin of 49.20%.The business had revenue of $25.17 million for the quarter.

Wheeler Real Estate Investment Trust Stock Down 14.9%

Shares of Wheeler Real Estate Investment Trust stock traded down $0.28 during trading on Friday, reaching $1.60. The company’s stock had a trading volume of 196,952 shares, compared to its average volume of 905,802. The business has a 50 day moving average price of $2.59 and a 200-day moving average price of $4.14. Wheeler Real Estate Investment Trust has a 12-month low of $1.53 and a 12-month high of $301.50. The company has a market capitalization of $1.10 million, a P/E ratio of 0.00 and a beta of 1.38.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wall Street Zen downgraded Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new position in shares of Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $80,000. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust during the fourth quarter worth about $38,000. Finally, Jane Street Group LLC purchased a new position in Wheeler Real Estate Investment Trust in the fourth quarter valued at about $62,000. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

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.