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

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.65 and traded as low as $2.82. Wheeler Real Estate Investment Trust shares last traded at $3.24, with a volume of 399,938 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, October 14th. Wall Street Zen downgraded Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Performance

The company has a market cap of $2.24 million, a P/E ratio of 0.00 and a beta of 1.31. The firm has a 50 day moving average price of $3.32 and a 200-day moving average price of $13.65.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $4.20 earnings per share for the quarter. The business had revenue of $23.82 million for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 295.94% and a net margin of 49.20%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned 1.03% of Wheeler Real Estate Investment Trust at the end of the most recent reporting period. 35.28% of the stock is owned by institutional investors.

Wheeler Real Estate Investment Trust Company Profile

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.