Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Posts Earnings Results

Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) announced its quarterly earnings results on Friday. The company reported ($14.55) earnings per share for the quarter, FiscalAI reports. The business had revenue of $24.01 million for the quarter.

Wheeler Real Estate Investment Trust Trading Up 0.3%

NASDAQ:WHLRP traded up $0.03 during mid-day trading on Friday, hitting $7.28. The stock had a trading volume of 6,578 shares, compared to its average volume of 18,501. The company’s 50 day simple moving average is $7.00 and its 200 day simple moving average is $5.68. Wheeler Real Estate Investment Trust has a twelve month low of $3.14 and a twelve month high of $7.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Susquehanna International Group LLP bought a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 15,857 shares of the company’s stock, valued at approximately $67,000.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRP) is a real estate investment trust that specializes in the acquisition and management of single-tenant retail and industrial properties under long-term, triple-net leases. The company’s investment strategy focuses on securing creditworthy tenants—often in sectors such as automotive services, fast food, medical services and banking—to generate stable, predictable rental income over the life of each lease.

Wheeler REIT’s portfolio spans a broad range of lower-middle market properties across the United States, offering geographic diversification and reducing exposure to any single market or tenant.