Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Set to Reverse Split on Tuesday, January 20th

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) are scheduled to reverse split on Tuesday, January 20th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, January 19th.

Wheeler Real Estate Investment Trust Trading Down 3.4%

Wheeler Real Estate Investment Trust stock opened at $1.68 on Friday. Wheeler Real Estate Investment Trust has a 52 week low of $1.58 and a 52 week high of $959.98. The stock has a fifty day moving average price of $2.34 and a 200 day moving average price of $8.71. The firm has a market capitalization of $1.16 million, a P/E ratio of 0.00 and a beta of 1.32.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced 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 net margin of 49.20% and a negative return on equity of 295.94%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WHLR shares. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Friday, January 9th. Wall Street Zen lowered Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

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

About Wheeler Real Estate Investment Trust

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.