Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.20 and traded as low as $0.7705. Wheeler Real Estate Investment Trust shares last traded at $0.90, with a volume of 10,181,871 shares.

Analyst Upgrades and Downgrades

WHLR has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, April 8th. Wall Street Zen upgraded Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Performance

The stock has a market capitalization of $956,592.00, a price-to-earnings ratio of 0.00 and a beta of 1.04. The firm has a fifty day moving average of $1.56 and a 200-day moving average of $5.17.

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

Insiders Place Their Bets

In other Wheeler Real Estate Investment Trust news, major shareholder Magnetar Financial Llc sold 29,059 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $2.58, for a total value of $74,972.22. Following the completion of the transaction, the insider directly owned 2,679 shares of the company’s stock, valued at $6,911.82. This represents a 91.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 48,353 shares of company stock valued at $125,258. Corporate insiders own 51.93% of the company’s stock.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $80,000. HRT Financial LP bought a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth about $38,000. Finally, Jane Street Group LLC bought a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth about $62,000. 35.28% of the stock is 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.