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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.55 and traded as low as $2.32. Wheeler Real Estate Investment Trust shares last traded at $2.54, with a volume of 177,758 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WHLR shares. Wall Street Zen downgraded Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a 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, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Up 0.8%

The stock’s 50-day moving average price is $3.01 and its 200 day moving average price is $5.55. The company has a market cap of $1.75 million, a P/E ratio of 0.00 and a beta of 1.36.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE acquired a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned about 1.03% of Wheeler Real Estate Investment Trust as of its most recent filing with the Securities and Exchange Commission. 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.