Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Rating Lowered by Wall Street Zen

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheeler Real Estate Investment Trust currently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Down 5.2%

Shares of WHLR stock opened at $1.47 on Friday. The business has a 50 day moving average of $2.56 and a two-hundred day moving average of $3.82. Wheeler Real Estate Investment Trust has a 52 week low of $1.43 and a 52 week high of $301.50. The company has a market cap of $1.90 million, a P/E ratio of 0.00 and a beta of 1.38.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its earnings results on Thursday, March 5th. The real estate investment trust reported ($2.67) EPS for the quarter. The company had revenue of $25.17 million for the quarter. Wheeler Real Estate Investment Trust had a net margin of 11.86% and a negative return on equity of 78.92%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WHLR. Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at approximately $80,000. HRT Financial LP acquired a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth approximately $38,000. Finally, Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth approximately $62,000. 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.