Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.36 and traded as low as $3.39. Wheeler Real Estate Investment Trust shares last traded at $3.45, with a volume of 188,858 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WHLR. Wall Street Zen lowered Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

The business has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $6.36. The stock has a market cap of $2.38 million, a PE ratio of 0.00 and a beta of 1.36.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $4.20 EPS for the quarter. The business had revenue of $23.82 million during the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 295.94% and a net margin of 49.20%.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE acquired a new position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned approximately 1.03% of Wheeler Real Estate Investment Trust at the end of the most recent quarter. Institutional investors own 35.28% of the company’s stock.

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.