Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Downgraded by Wall Street Zen to Sell

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

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheeler Real Estate Investment Trust presently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

NASDAQ:WHLR opened at $0.83 on Friday. The firm’s fifty day moving average price is $1.61 and its 200 day moving average price is $2.69. Wheeler Real Estate Investment Trust has a 1-year low of $0.80 and a 1-year high of $301.50. The firm has a market cap of $1.49 million, a price-to-earnings ratio of 0.00 and a beta of 1.44.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its earnings results on Thursday, March 5th. The real estate investment trust reported ($2.67) earnings per share (EPS) for the quarter. Wheeler Real Estate Investment Trust had a net margin of 11.86% and a negative return on equity of 78.92%. The business 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 made changes to their positions in the company. HRT Financial LP acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at approximately $38,000. Jane Street Group LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at approximately $62,000. Finally, Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at approximately $80,000. 35.28% of the stock is 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.