Wheeler Real Estate Investment Trust (NASDAQ:WHLRL) Stock Price Down 17.5% – Here’s Why

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL)’s stock price traded down 17.5% on Wednesday . The stock traded as low as $80.00 and last traded at $80.00. 636 shares changed hands during trading, a decline of 67% from the average session volume of 1,900 shares. The stock had previously closed at $97.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Trading Down 17.5%

The business has a fifty day simple moving average of $96.66 and a 200 day simple moving average of $104.74.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRL) is a publicly traded real estate investment trust that acquires and owns single-tenant net leased properties critical to everyday consumer needs. The company’s portfolio is focused on net leased retail assets under long-term, triple-net leases, providing stable rental income while transferring most property-level expenses to tenants.

The trust’s holdings span a diverse range of property types, including restaurants, convenience stores, automotive service centers and other service-oriented businesses.