Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $76.40 and traded as low as $2.20. Wheeler Real Estate Investment Trust shares last traded at $2.43, with a volume of 507,368 shares changing hands.

Wall Street Analysts Forecast Growth

WHLR has been the topic of a number of analyst reports. Wall Street Zen raised Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheeler Real Estate Investment Trust has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Performance

The company has a market capitalization of $1.34 million, a PE ratio of -0.00 and a beta of 1.04. The company’s 50-day moving average is $19.11 and its 200 day moving average is $76.40.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its earnings results on Friday, May 8th. The real estate investment trust reported $95.52 earnings per share (EPS) for the quarter. The business had revenue of $24.01 million during the quarter. Wheeler Real Estate Investment Trust had a net margin of 3.26% and a negative return on equity of 25.43%.

Insider Buying and Selling at Wheeler Real Estate Investment Trust

In related news, major shareholder Magnetar Financial Llc sold 1,816 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $41.28, for a total value of $74,964.48. Following the completion of the transaction, the insider directly owned 167 shares in the company, valued at $6,893.76. The trade was a 91.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 3,019 shares of company stock worth $125,131 over the last ninety days. 51.93% of the stock is owned by company insiders.

Institutional Trading of Wheeler Real Estate Investment Trust

Several institutional investors have recently added to or reduced their stakes in WHLR. Bank of America Corp DE bought a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth $80,000. HRT Financial LP purchased a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth $38,000. Finally, Jane Street Group LLC bought a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter valued at $62,000. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

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.