Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock to Reverse Split on Tuesday, July 28th

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares are scheduled to reverse split on Tuesday, July 28th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 27th.

Wheeler Real Estate Investment Trust Trading Down 28.0%

Shares of NASDAQ:WHLR opened at $0.23 on Friday. The company has a fifty day simple moving average of $7.88 and a 200 day simple moving average of $57.34. The firm has a market cap of $705,384.00, a PE ratio of -0.00 and a beta of 1.08. Wheeler Real Estate Investment Trust has a 12-month low of $0.21 and a 12-month high of $1,584.00.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WHLR shares. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Insider Transactions at Wheeler Real Estate Investment Trust

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

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in Wheeler Real Estate Investment Trust in the fourth quarter valued at $62,000. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust during the 4th quarter valued at about $38,000. Finally, Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust in the 2nd quarter worth about $80,000. 35.28% of the stock is owned by institutional investors and hedge funds.

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.