Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.42 and traded as low as $0.87. Wheeler Real Estate Investment Trust shares last traded at $0.90, with a volume of 126,427 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WHLR. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheeler Real Estate Investment Trust has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

The firm has a market capitalization of $828,880.00, a P/E ratio of 0.00 and a beta of 1.04. The stock’s fifty day simple moving average is $1.76 and its 200 day simple moving average is $5.35.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $5.97 earnings per share for the quarter. The business had revenue of $24.01 million for the quarter. Wheeler Real Estate Investment Trust had a net margin of 3.26% and a negative return on equity of 25.43%.

Insider Transactions at Wheeler Real Estate Investment Trust

In other Wheeler Real Estate Investment Trust news, major shareholder Magnetar Financial Llc sold 29,059 shares of Wheeler Real Estate Investment Trust stock in a transaction on Monday, April 13th. The shares were sold at an average price of $2.58, for a total value of $74,972.22. Following the transaction, the insider directly owned 2,679 shares of the company’s stock, valued at approximately $6,911.82. The trade was a 91.56% 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 the SEC website. Insiders have sold 48,353 shares of company stock valued at $125,258 over the last 90 days. 51.93% of the stock is currently owned by insiders.

Institutional Trading of Wheeler Real Estate Investment Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust during the 2nd quarter worth $80,000. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust during the 4th quarter valued at about $38,000. Finally, Jane Street Group LLC purchased a new stake in Wheeler Real Estate Investment Trust in the fourth quarter valued at about $62,000. Hedge funds and other institutional investors own 35.28% of the company’s stock.

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.