Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Upgraded by Wall Street Zen to “Hold” Rating

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

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Down 5.3%

Shares of WHLR stock opened at $1.78 on Friday. Wheeler Real Estate Investment Trust has a 12 month low of $1.65 and a 12 month high of $904.50. The business’s 50 day moving average is $3.74 and its two-hundred day moving average is $6.99. The company has a market cap of $356,000.00, a PE ratio of 0.00 and a beta of 1.44.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings results on Thursday, March 5th. The real estate investment trust reported ($8.01) 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 company had revenue of $25.17 million for the quarter.

Insider Buying and Selling at Wheeler Real Estate Investment Trust

In other news, major shareholder Magnetar Financial Llc sold 29,059 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $2.58, for a total value of $74,972.22. Following the completion of the sale, the insider directly owned 2,679 shares of the company’s stock, valued at approximately $6,911.82. This represents a 91.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 48,353 shares of company stock valued at $125,258 over the last three months. 51.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

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

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.