Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Announces Earnings Results

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) posted its quarterly earnings results on Thursday. The real estate investment trust reported ($113.37) earnings per share for the quarter, FiscalAI reports. Wheeler Real Estate Investment Trust had a negative return on equity of 186.97% and a net margin of 14.99%. The business had revenue of $23.16 million for the quarter.

Wheeler Real Estate Investment Trust Stock Down 5.6%

Shares of NASDAQ:WHLR opened at $0.46 on Friday. The business has a fifty day moving average of $14.09 and a two-hundred day moving average of $37,957.53. The stock has a market cap of $73,312.00, a P/E ratio of -0.00 and a beta of 1.26. Wheeler Real Estate Investment Trust has a 52-week low of $0.43 and a 52-week high of $266,328.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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 analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on owning and operating retail properties, particularly grocery-anchored shopping centers. Its properties are designed to serve everyday consumer needs and typically include supermarkets, pharmacies, restaurants, and other service-oriented tenants.

The company’s portfolio has historically been concentrated in the Mid-Atlantic and Southeastern United States. Wheeler seeks to generate rental income through leasing space to grocery retailers and other commercial tenants, while managing property operations, tenant relationships, and redevelopment or repositioning opportunities where appropriate.

Wheeler Real Estate Investment Trust was established in 2012 and became a publicly traded company in 2015.