Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.44 and traded as low as $1.09. Wheeler Real Estate Investment Trust shares last traded at $1.1750, with a volume of 101,526 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WHLR shares. Wall Street Zen cut Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Trading Up 10.8%

The stock has a market capitalization of $1.52 million, a PE ratio of 0.00 and a beta of 1.39. The business’s 50 day moving average is $2.48 and its 200 day moving average is $3.44.

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

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust during the 2nd quarter valued at $80,000. Jane Street Group LLC purchased a new stake in Wheeler Real Estate Investment Trust in the fourth quarter worth $62,000. Finally, HRT Financial LP bought a new stake in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth $38,000. 35.28% of the stock is owned by institutional investors.

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.