Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $59.12 and traded as low as $0.3074. Wheeler Real Estate Investment Trust shares last traded at $0.3290, with a volume of 707,053 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on WHLR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Monday, July 6th. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. One research 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 Stock Down 9.8%

The company’s fifty day moving average price is $8.98 and its 200-day moving average price is $59.12. The stock has a market capitalization of $996,870.00, a PE ratio of -0.00 and a beta of 1.08.

Insider Buying and Selling

In other Wheeler Real Estate Investment Trust news, major shareholder Financial Lp Hrt sold 66,584 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $0.49, for a total value of $32,626.16. Following the completion of the transaction, the insider owned 95,390 shares of the company’s stock, valued at approximately $46,741.10. The trade was a 41.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders bought 101,989 shares of company stock valued at $77,342. 51.93% of the stock is currently owned by company insiders.

Institutional Trading of Wheeler Real Estate Investment Trust

Large investors have recently modified their holdings of the company. HRT Financial LP bought a new position in shares of Wheeler Real Estate Investment Trust in the 4th quarter worth approximately $38,000. Jane Street Group LLC bought a new position in Wheeler Real Estate Investment Trust in the 4th quarter worth approximately $62,000. Finally, Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $80,000. Institutional investors own 35.28% of the company’s stock.

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.