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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.16 and traded as low as $2.61. Wheeler Real Estate Investment Trust shares last traded at $2.75, with a volume of 438,732 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WHLR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheeler Real Estate Investment Trust presently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Trading Down 11.0%

The stock has a market cap of $1.90 million, a P/E ratio of 0.00 and a beta of 1.31. The company has a 50 day simple moving average of $3.01 and a 200 day simple moving average of $12.16.

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

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 purchased a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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 reporting period. Institutional investors own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.