Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $481.00 and traded as low as $0.37. Wheeler Real Estate Investment Trust shares last traded at $0.3869, with a volume of 923,369 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WHLR shares. Weiss Ratings raised Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, August 26th. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheeler Real Estate Investment Trust has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Down 2.2%

The firm has a market cap of $287,364.00, a price-to-earnings ratio of -0.00 and a beta of 1.05. The company’s fifty day moving average is $3.89 and its 200 day moving average is $458.69.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $34.98 earnings per share (EPS) for the quarter. Wheeler Real Estate Investment Trust had a net margin of 14.99% and a negative return on equity of 186.97%. The firm had revenue of $22.48 million for the quarter.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 3,329 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $9.80, for a total value of $32,624.20. Following the sale, the insider owned 4,769 shares of the company’s stock, valued at approximately $46,736.20. The trade was a 41.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 24,547 shares of company stock valued at $84,765 over the last 90 days. 51.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. HRT Financial LP acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $38,000. Jane Street Group LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the 4th quarter valued at approximately $62,000. Finally, Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust in the second quarter valued at $80,000. 35.28% of the stock is owned by institutional investors and hedge funds.

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.