Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Issues Earnings Results

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $4.20 EPS for the quarter, Zacks reports. The business had revenue of $23.82 million for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 20.00% and a net margin of 5.13%.

Wheeler Real Estate Investment Trust Trading Down 12.7%

Shares of WHLR stock traded down $0.27 on Friday, reaching $1.85. 151,276 shares of the stock were exchanged, compared to its average volume of 259,835. The company has a market capitalization of $1.75 million, a price-to-earnings ratio of 0.00 and a beta of 1.36. The business’s 50 day moving average price is $5.80 and its 200 day moving average price is $18.54. Wheeler Real Estate Investment Trust has a twelve month low of $1.82 and a twelve month high of $1,574.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned about 1.03% of Wheeler Real Estate Investment Trust as of its most recent SEC filing. 35.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WHLR. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Company Profile

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.