Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.20 and traded as low as $0.7705. Wheeler Real Estate Investment Trust shares last traded at $0.90, with a volume of 10,181,871 shares trading hands.

Analyst Ratings Changes

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

Wheeler Real Estate Investment Trust Stock Down 2.6%

The company has a market cap of $936,000.00, a P/E ratio of 0.00 and a beta of 1.04. The business has a fifty day moving average of $1.59 and a 200 day moving average of $5.20.

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

Insider Activity at Wheeler Real Estate Investment Trust

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 stock was sold at an average price of $2.58, for a total transaction of $74,972.22. Following the completion of the transaction, the insider owned 2,679 shares in the company, valued at $6,911.82. This represents a 91.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 48,353 shares of company stock worth $125,258 in the last ninety days. 51.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in WHLR. HRT Financial LP bought a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter valued at approximately $38,000. Jane Street Group LLC bought a new position in Wheeler Real Estate Investment Trust in the fourth quarter worth $62,000. Finally, Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust in the second quarter worth $80,000. Institutional investors own 35.28% of the company’s stock.

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.