Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Set to Reverse Split on Tuesday, September 22nd

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) are set to reverse split on the morning of Tuesday, September 22nd. The 1-9 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, September 21st.

Wheeler Real Estate Investment Trust Stock Down 29.1%

NASDAQ:WHLR traded down $0.11 on Friday, hitting $0.27. The stock had a trading volume of 7,642,377 shares, compared to its average volume of 4,712,153. The stock has a market cap of $206,052.00, a price-to-earnings ratio of -0.00 and a beta of 1.05. The business’s 50-day simple moving average is $2.49 and its two-hundred day simple moving average is $394.27. Wheeler Real Estate Investment Trust has a 52-week low of $0.27 and a 52-week high of $11,088.00.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its 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 company had revenue of $22.48 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded 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 upgraded Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt sold 3,329 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $9.80, for a total value of $32,624.20. Following the transaction, the insider directly owned 4,769 shares of the company’s stock, valued at approximately $46,736.20. The trade was a 41.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders purchased 24,547 shares of company stock valued at $84,765. 51.93% of the stock is currently owned by insiders.

Wheeler Real Estate Investment Trust Company Profile

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.