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

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

Wheeler Real Estate Investment Trust Trading Down 14.9%

Shares of NASDAQ WHLR traded down $0.28 during trading on Friday, reaching $1.60. The company had a trading volume of 196,952 shares, compared to its average volume of 905,802. Wheeler Real Estate Investment Trust has a twelve month low of $1.53 and a twelve month high of $301.50. The stock has a market capitalization of $1.10 million, a PE ratio of 0.00 and a beta of 1.38. The stock has a 50-day moving average price of $2.59 and a two-hundred day moving average price of $4.14.

Institutional Trading of Wheeler Real Estate Investment Trust

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WHLR shares. Wall Street Zen cut Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently 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.