Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Stock Price Up 1% – Still a Buy?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP)’s stock price was up 1% on Monday . The company traded as high as $9.40 and last traded at $9.10. Approximately 2,801 shares were traded during trading, a decline of 82% from the average daily volume of 15,465 shares. The stock had previously closed at $9.01.

Wheeler Real Estate Investment Trust Stock Up 0.2%

The company’s fifty day moving average is $7.54 and its 200 day moving average is $6.58.

Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) last released its quarterly earnings data on Friday, May 8th. The company reported ($14.55) earnings per share (EPS) for the quarter. The company had revenue of $24.01 million during the quarter.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Susquehanna International Group LLP bought a new position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,857 shares of the company’s stock, valued at approximately $67,000.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRP) is a real estate investment trust that specializes in the acquisition and management of single-tenant retail and industrial properties under long-term, triple-net leases. The company’s investment strategy focuses on securing creditworthy tenants—often in sectors such as automotive services, fast food, medical services and banking—to generate stable, predictable rental income over the life of each lease.

Wheeler REIT’s portfolio spans a broad range of lower-middle market properties across the United States, offering geographic diversification and reducing exposure to any single market or tenant.