Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.07 and traded as low as $0.93. Wheeler Real Estate Investment Trust shares last traded at $0.93, with a volume of 29,187 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Friday, January 9th. Wall Street Zen cut shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

The company has a market capitalization of $1.33 million, a price-to-earnings ratio of 0.00 and a beta of 1.44. The business has a fifty day moving average price of $2.24 and a 200 day moving average price of $3.07.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings data on Thursday, March 5th. The real estate investment trust reported ($2.67) earnings per share (EPS) for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 78.92% and a net margin of 11.86%.The company had revenue of $25.17 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WHLR. Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust during the fourth quarter valued at about $62,000. HRT Financial LP bought a new position in Wheeler Real Estate Investment Trust during the fourth quarter valued at about $38,000. Finally, Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust during the second quarter valued at about $80,000. 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.