Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Shares Down 7.8% – Here’s Why

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP)’s share price was down 7.8% during trading on Thursday . The stock traded as low as $8.80 and last traded at $8.7550. 1,344 shares were traded during mid-day trading, a decline of 91% from the average session volume of 14,175 shares. The stock had previously closed at $9.50.

Wheeler Real Estate Investment Trust Price Performance

The business has a 50 day moving average price of $9.25 and a two-hundred day moving average price of $8.27.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wheeler Real Estate Investment Trust stock. Susquehanna International Group LLP boosted its holdings in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) by 13.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,855 shares of the company’s stock after purchasing an additional 1,423 shares during the quarter. Susquehanna International Group LLP’s holdings in Wheeler Real Estate Investment Trust were worth $119,000 as of its most recent SEC filing.

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.