Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.42 and traded as low as $0.87. Wheeler Real Estate Investment Trust shares last traded at $0.90, with a volume of 126,427 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on WHLR shares. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wheeler Real Estate Investment Trust presently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Down 5.3%

The firm’s 50-day moving average price is $1.86 and its 200-day moving average price is $5.42. The company has a market cap of $936,000.00, a P/E ratio of 0.00 and a beta of 1.04.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $5.97 earnings per share (EPS) for the quarter. Wheeler Real Estate Investment Trust had a net margin of 3.26% and a negative return on equity of 25.43%. The company had revenue of $24.01 million for the quarter.

Insiders Place Their Bets

In related news, major shareholder Magnetar Financial Llc sold 29,059 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $2.58, for a total transaction of $74,972.22. Following the sale, the insider owned 2,679 shares of the company’s stock, valued at approximately $6,911.82. This represents a 91.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 48,353 shares of company stock worth $125,258. Corporate insiders own 51.93% of the company’s stock.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth $80,000. HRT Financial LP purchased a new stake in shares of Wheeler Real Estate Investment Trust in the 4th quarter worth about $38,000. Finally, Jane Street Group LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the 4th quarter worth about $62,000. Institutional investors own 35.28% of the company’s stock.

About Wheeler Real Estate Investment Trust

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.