Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Passes Below 200-Day Moving Average – Should You Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $59.12 and traded as low as $0.3074. Wheeler Real Estate Investment Trust shares last traded at $0.3290, with a volume of 707,053 shares.

Wall Street Analyst Weigh In

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

Wheeler Real Estate Investment Trust Trading Down 9.8%

The stock’s 50-day moving average is $8.98 and its two-hundred day moving average is $59.12. The company has a market capitalization of $996,870.00, a PE ratio of -0.00 and a beta of 1.08.

Insider Activity 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 dated Wednesday, July 8th. The shares were sold at an average price of $0.49, for a total transaction of $32,626.16. Following the completion of the sale, the insider owned 95,390 shares in the company, valued at $46,741.10. This trade represents a 41.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought 101,989 shares of company stock valued at $77,342 in the last quarter. Corporate insiders own 51.93% of the company’s stock.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Wheeler Real Estate Investment Trust in the 4th quarter valued at about $62,000. HRT Financial LP acquired a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter valued at about $38,000. Finally, Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter worth $80,000. 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.