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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock is going to reverse split on the morning of 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 NASDAQ:WHLR opened at $0.23 on Friday. Wheeler Real Estate Investment Trust has a 12 month low of $0.21 and a 12 month high of $1,584.00. The company’s 50-day moving average price is $7.88 and its two-hundred day moving average price is $57.34. The firm has a market cap of $705,384.00, a P/E ratio of -0.00 and a beta of 1.08.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings reissued 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 data from MarketBeat.com, Wheeler Real Estate Investment Trust presently has a consensus rating of “Sell”.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 66,584 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $0.49, for a total transaction of $32,626.16. Following the transaction, the insider owned 95,390 shares of the company’s stock, valued at $46,741.10. This represents a 41.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 101,989 shares of company stock worth $77,342 over the last quarter. Corporate insiders own 51.93% of the company’s stock.

Institutional Trading of Wheeler Real Estate Investment Trust

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

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.