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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock is going to reverse split on the morning of 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

Shares of NASDAQ WHLR traded down $0.11 during trading on Friday, hitting $0.27. 7,642,377 shares of the company traded hands, compared to its average volume of 4,712,153. The firm has a market capitalization of $206,052.00, a price-to-earnings ratio of -0.00 and a beta of 1.05. The business’s fifty day moving average is $2.49 and its 200 day moving average is $394.27. Wheeler Real Estate Investment Trust has a fifty-two week low of $0.27 and a fifty-two week high of $11,088.00.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on WHLR shares. Weiss Ratings upgraded Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, August 26th. Wall Street Zen upgraded Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wheeler Real Estate Investment Trust presently has a consensus rating of “Sell”.

Insider Activity at Wheeler Real Estate Investment Trust

In related news, major shareholder Financial Lp Hrt sold 3,329 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $9.80, for a total value of $32,624.20. Following the sale, the insider owned 4,769 shares in the company, valued at $46,736.20. This represents a 41.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought 24,547 shares of company stock worth $84,765 over the last ninety days. Insiders own 51.93% 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.