Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Price Crosses Below 200 Day Moving Average of $5.57

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.57 and traded as low as $0.47. Wheeler Real Estate Investment Trust shares last traded at $0.51, with a volume of 1,528,263 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Wheeler Real Estate Investment Trust in a research report on Monday, October 2nd. They set a “sell” rating on the stock.

Wheeler Real Estate Investment Trust Stock Performance

The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 1,040.25. The stock has a fifty day moving average of $2.52 and a 200-day moving average of $5.57. The firm has a market capitalization of $500,290.00, a P/E ratio of -0.02 and a beta of 2.64.

Insider Buying and Selling at Wheeler Real Estate Investment Trust

In other Wheeler Real Estate Investment Trust news, insider Corbin Capital Partners, L.P. sold 254,961 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $1.03, for a total value of $262,609.83. Following the completion of the transaction, the insider now directly owns 264,523 shares in the company, valued at $272,458.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Corbin Capital Partners, L.P. sold 254,961 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $1.03, for a total transaction of $262,609.83. Following the completion of the transaction, the insider now directly owns 264,523 shares in the company, valued at approximately $272,458.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Steamboat Capital Partners, Ll sold 4,109 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $7.60, for a total value of $31,228.40. The disclosure for this sale can be found here. Corporate insiders own 40.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in Wheeler Real Estate Investment Trust by 11.6% during the 2nd quarter. Renaissance Technologies LLC now owns 120,646 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 12,513 shares during the last quarter. Chilton Capital Management LLC lifted its holdings in Wheeler Real Estate Investment Trust by 60.0% during the 4th quarter. Chilton Capital Management LLC now owns 40,000 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 15,000 shares during the last quarter. Jane Street Group LLC acquired a new stake in Wheeler Real Estate Investment Trust during the 3rd quarter worth approximately $31,000. Steamboat Capital Partners LLC acquired a new stake in Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $70,000. Finally, Krilogy Financial LLC lifted its holdings in Wheeler Real Estate Investment Trust by 25.8% during the 1st quarter. Krilogy Financial LLC now owns 625,000 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 128,000 shares during the last quarter.

About Wheeler Real Estate Investment Trust

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.