Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Raised to “Hold” at Wall Street Zen

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released 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, Based on data from MarketBeat.com, Wheeler Real Estate Investment Trust currently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ:WHLR opened at $0.92 on Friday. The company’s 50 day moving average price is $2.04 and its two-hundred day moving average price is $2.99. Wheeler Real Estate Investment Trust has a 12-month low of $0.89 and a 12-month high of $301.50. The firm has a market cap of $1.32 million, a PE ratio of 0.00 and a beta of 1.44.

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

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $62,000. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust during the fourth quarter valued at approximately $38,000. Finally, Bank of America Corp DE acquired a new position in Wheeler Real Estate Investment Trust during the second quarter valued at approximately $80,000. 35.28% of the stock is currently owned by institutional investors and hedge funds.

Wheeler Real Estate Investment Trust Company Profile

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.