Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Stock Price Down 5% – Here’s What Happened

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) fell 5% on Tuesday . The stock traded as low as $9.21 and last traded at $9.98. Approximately 2,681 shares were traded during mid-day trading, a decline of 83% from the average session volume of 15,707 shares. The stock had previously closed at $10.51.

Wheeler Real Estate Investment Trust Stock Performance

The stock has a 50-day moving average price of $8.51 and a 200-day moving average price of $7.21.

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

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

An institutional investor recently bought a new stake in Wheeler Real Estate Investment Trust stock. Susquehanna International Group LLP acquired a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.