Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Share Price Crosses Below 200 Day Moving Average of $1.52

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR – Get Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.52 and traded as low as $0.81. Wheeler Real Estate Investment Trust shares last traded at $0.84, with a volume of 70,132 shares traded.

Wheeler Real Estate Investment Trust Stock Performance

The stock has a market cap of $8.22 million, a P/E ratio of -0.38 and a beta of 2.61. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 82.19. The business has a 50 day moving average price of $1.31 and a two-hundred day moving average price of $1.52.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A number of hedge funds have recently made changes to their positions in the business. Krilogy Financial LLC boosted its stake in shares of Wheeler Real Estate Investment Trust by 25.8% in the first quarter. Krilogy Financial LLC now owns 625,000 shares of the real estate investment trust’s stock worth $794,000 after acquiring an additional 128,000 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Wheeler Real Estate Investment Trust by 11.6% in the second quarter. Renaissance Technologies LLC now owns 120,646 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 12,513 shares during the period. Steamboat Capital Partners LLC bought a new position in Wheeler Real Estate Investment Trust during the fourth quarter valued at approximately $70,000. Chilton Capital Management LLC boosted its stake in Wheeler Real Estate Investment Trust by 60.0% during the fourth quarter. Chilton Capital Management LLC now owns 40,000 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 15,000 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Wheeler Real Estate Investment Trust during the third quarter valued at approximately $31,000. Institutional investors own 53.77% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

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Wheeler Real Estate Investment Trust, Inc engages in the acquisition, finance, development, lease, ownership, and management of retail properties. Its property portfolio includes income producing, strip centers, neighborhood, grocery-anchored, community, and free-standing retail properties. The company was founded on June 23, 2011 and is headquartered in Virginia Beach, VA.