Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Set to Reverse Split on Tuesday, July 28th

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares are going to reverse split on the morning of Tuesday, July 28th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, July 27th.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ:WHLR opened at $0.23 on Friday. The stock has a 50-day simple moving average of $7.88 and a two-hundred day simple moving average of $57.34. Wheeler Real Estate Investment Trust has a 52-week low of $0.21 and a 52-week high of $1,584.00. The firm has a market capitalization of $705,384.00, a PE ratio of -0.00 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WHLR. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Insider Buying and Selling at Wheeler Real Estate Investment Trust

In related news, major shareholder Financial Lp Hrt sold 66,584 shares of Wheeler Real Estate Investment Trust stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $0.49, for a total transaction of $32,626.16. Following the transaction, the insider owned 95,390 shares in the company, valued at approximately $46,741.10. The trade was a 41.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have acquired 101,989 shares of company stock worth $77,342. 51.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HRT Financial LP purchased a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter valued at about $38,000. Jane Street Group LLC bought a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $62,000. Finally, Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust in the second quarter worth about $80,000. 35.28% of the stock is owned by 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.