Wheeler Real Estate Investment Trust Stock to Reverse Split on Tuesday, July 28th (NASDAQ:WHLR)

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares are scheduled to reverse split before the market opens on Tuesday, July 28th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 27th.

Wheeler Real Estate Investment Trust Stock Down 28.0%

Shares of WHLR stock opened at $0.23 on Friday. The company has a 50 day moving average price of $7.88 and a 200-day moving average price of $57.34. Wheeler Real Estate Investment Trust has a 52 week low of $0.21 and a 52 week high of $1,584.00. The firm has a market capitalization of $705,384.00, a PE ratio of -0.00 and a beta of 1.08.

Analysts Set New Price Targets

A number of equities research analysts have commented on WHLR shares. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Insider Activity at Wheeler Real Estate Investment Trust

In other news, major shareholder Financial Lp Hrt sold 66,584 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $0.49, for a total value of $32,626.16. Following the transaction, the insider owned 95,390 shares in the company, valued at $46,741.10. This represents a 41.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have bought 101,989 shares of company stock worth $77,342. 51.93% of the stock is owned by corporate insiders.

Institutional Trading of Wheeler Real Estate Investment Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WHLR. HRT Financial LP bought a new position in Wheeler Real Estate Investment Trust in the fourth quarter worth approximately $38,000. Jane Street Group LLC bought a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at $62,000. Finally, Bank of America Corp DE purchased a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth $80,000. 35.28% of the stock is owned by hedge funds and other institutional investors.

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.