Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Shares Up 1% – Still a Buy?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) shot up 1% on Monday . The company traded as high as $9.40 and last traded at $9.10. Approximately 2,801 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 15,465 shares. The stock had previously closed at $9.01.

Wheeler Real Estate Investment Trust Trading Up 1.0%

The company has a fifty day moving average of $7.50 and a 200-day moving average of $6.54.

Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) last issued its earnings results on Friday, May 8th. The company reported ($14.55) EPS for the quarter. The business had revenue of $24.01 million during the quarter.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Susquehanna International Group LLP purchased a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,857 shares of the company’s stock, valued at approximately $67,000.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRP) is a real estate investment trust that specializes in the acquisition and management of single-tenant retail and industrial properties under long-term, triple-net leases. The company’s investment strategy focuses on securing creditworthy tenants—often in sectors such as automotive services, fast food, medical services and banking—to generate stable, predictable rental income over the life of each lease.

Wheeler REIT’s portfolio spans a broad range of lower-middle market properties across the United States, offering geographic diversification and reducing exposure to any single market or tenant.