Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Issues Earnings Results

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) posted its quarterly earnings data on Thursday. The real estate investment trust reported ($2.67) earnings per share (EPS) for the quarter, Zacks reports. Wheeler Real Estate Investment Trust had a negative return on equity of 295.94% and a net margin of 49.20%.The firm had revenue of $25.17 million during the quarter.

Wheeler Real Estate Investment Trust Trading Down 14.4%

WHLR traded down $0.27 during trading on Friday, hitting $1.61. 209,351 shares of the company’s stock traded hands, compared to its average volume of 906,042. The stock has a market capitalization of $1.11 million, a price-to-earnings ratio of 0.00 and a beta of 1.38. Wheeler Real Estate Investment Trust has a 12-month low of $1.53 and a 12-month high of $301.50. The company’s 50 day simple moving average is $2.59 and its two-hundred day simple moving average is $4.14.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Hedge funds have recently bought and sold shares of the business. HRT Financial LP bought a new position in Wheeler Real Estate Investment Trust during the 4th quarter valued at about $38,000. Jane Street Group LLC bought a new position in Wheeler Real Estate Investment Trust during the fourth quarter valued at approximately $62,000. Finally, Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust during the second quarter valued at approximately $80,000. Hedge funds and other institutional investors own 35.28% of the company’s stock.

Analyst Upgrades and Downgrades

WHLR has been the subject of several research reports. Wall Street Zen lowered shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

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.