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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $59.12 and traded as low as $0.3074. Wheeler Real Estate Investment Trust shares last traded at $0.3290, with a volume of 707,053 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Performance

The company has a market capitalization of $979,902.00, a price-to-earnings ratio of -0.00 and a beta of 1.08. The company has a 50-day moving average price of $8.63 and a 200-day moving average price of $58.54.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt sold 66,584 shares of Wheeler Real Estate Investment Trust stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $0.49, for a total transaction of $32,626.16. Following the transaction, the insider directly owned 95,390 shares of the company’s stock, valued at $46,741.10. This trade represents a 41.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired 101,989 shares of company stock valued at $77,342 in the last quarter. Company insiders own 51.93% of the company’s stock.

Institutional Trading of Wheeler Real Estate Investment Trust

Several hedge funds have recently added to or reduced their stakes in WHLR. HRT Financial LP bought a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $38,000. Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter worth about $80,000. Finally, Jane Street Group LLC bought a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at about $62,000. Institutional investors and hedge funds 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.