Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares to Reverse Split on Tuesday, September 22nd

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock is going to reverse split before the market opens on Tuesday, September 22nd. The 1-9 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 21st.

Wheeler Real Estate Investment Trust Stock Performance

WHLR traded down $0.11 during trading on Friday, reaching $0.27. 7,642,377 shares of the company traded hands, compared to its average volume of 4,712,153. The company has a market cap of $206,052.00, a P/E ratio of -0.00 and a beta of 1.05. The firm has a fifty day simple moving average of $2.49 and a 200 day simple moving average of $394.27. Wheeler Real Estate Investment Trust has a 12-month low of $0.27 and a 12-month high of $11,088.00.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $34.98 earnings per share (EPS) for the quarter. The business had revenue of $22.48 million for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 186.97% and a net margin of 14.99%.

Analysts Set New Price Targets

Several 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 report on Saturday, July 4th. Weiss Ratings raised shares of Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt sold 3,329 shares of Wheeler Real Estate Investment Trust stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $9.80, for a total value of $32,624.20. Following the completion of the sale, the insider directly owned 4,769 shares of the company’s stock, valued at approximately $46,736.20. The trade was a 41.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have purchased 24,547 shares of company stock valued at $84,765. 51.93% of the stock is currently owned by company insiders.

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.