Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Pass Below 200 Day Moving Average – Should You Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $557.03 and traded as low as $0.6626. Wheeler Real Estate Investment Trust shares last traded at $0.68, with a volume of 4,849,375 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings raised shares of Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Down 12.7%

The stock has a market cap of $389,620.00, a price-to-earnings ratio of -0.00 and a beta of 1.05. The company has a 50 day simple moving average of $7.99 and a 200 day simple moving average of $543.18.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $34.98 EPS for the quarter. The firm had revenue of $22.48 million during the quarter. Wheeler Real Estate Investment Trust had a net margin of 14.99% and a negative return on equity of 186.97%.

Insiders Place Their Bets

In other Wheeler Real Estate Investment Trust news, major shareholder Financial Lp Hrt sold 3,329 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $9.80, for a total transaction of $32,624.20. Following the sale, the insider owned 4,769 shares of the company’s stock, valued at approximately $46,736.20. The trade was a 41.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 5,097 shares of company stock valued at $77,292 in the last quarter. Company insiders own 51.93% of the company’s stock.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

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

About Wheeler Real Estate Investment Trust

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.