Wheeler Real Estate Investment Trust (NASDAQ:WHLRD) Trading 0.5% Higher – Here’s Why

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRDGet Free Report) traded up 0.5% on Monday . The company traded as high as $40.47 and last traded at $39.68. 648 shares changed hands during trading, a decline of 79% from the average session volume of 3,148 shares. The stock had previously closed at $39.50.

Wheeler Real Estate Investment Trust Stock Up 0.5%

The company’s fifty day moving average price is $38.26 and its 200-day moving average price is $36.64.

About Wheeler Real Estate Investment Trust

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Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRD) is a real estate investment trust that specializes in the acquisition, ownership and management of single-tenant retail properties under long-term net leases. The company focuses on properties designed to generate stable, predictable income streams by transferring most property-level expenses—including taxes, insurance and maintenance—to its tenants.

The Trust’s portfolio comprises over 200 retail assets leased to a diversified mix of grocery stores, pharmacies, convenience concepts, fitness centers and other service-oriented operators.

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