Wheeler Real Estate Investment Trust Stock to Reverse Split on Monday, April 20th (NASDAQ:WHLR)

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

Wheeler Real Estate Investment Trust Stock Performance

WHLR opened at $0.80 on Thursday. The firm’s fifty day moving average is $1.47 and its two-hundred day moving average is $2.57. The firm has a market cap of $1.44 million, a PE ratio of 0.00 and a beta of 1.44. Wheeler Real Estate Investment Trust has a twelve month low of $0.74 and a twelve month high of $301.50.

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

Analysts Set New Price Targets

WHLR has been the topic of several analyst reports. Wall Street Zen lowered shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Insider Activity at Wheeler Real Estate Investment Trust

In related news, major shareholder Magnetar Financial Llc sold 87,177 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $0.86, for a total transaction of $74,972.22. Following the sale, the insider directly owned 8,037 shares in the company, valued at $6,911.82. This trade represents a 91.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 141,942 shares of company stock worth $122,765 in the last quarter. Company insiders own 51.93% of the company’s stock.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WHLR. Bank of America Corp DE acquired a new position in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth about $80,000. HRT Financial LP acquired a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter valued at about $38,000. Finally, Jane Street Group LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter valued at about $62,000. 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.