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

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) posted its quarterly earnings data on Thursday. The real estate investment trust reported ($113.37) EPS for the quarter, FiscalAI reports. The company had revenue of $23.16 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%.

Wheeler Real Estate Investment Trust Trading Down 5.6%

Shares of NASDAQ WHLR traded down $0.03 during midday trading on Thursday, reaching $0.46. The company’s stock had a trading volume of 1,455,430 shares, compared to its average volume of 257,984. The stock has a 50 day simple moving average of $15.80 and a 200-day simple moving average of $38,395.58. The stock has a market capitalization of $74,686.60, a price-to-earnings ratio of -0.00 and a beta of 1.26. Wheeler Real Estate Investment Trust has a fifty-two week low of $0.43 and a fifty-two week high of $266,328.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on owning and operating retail properties, particularly grocery-anchored shopping centers. Its properties are designed to serve everyday consumer needs and typically include supermarkets, pharmacies, restaurants, and other service-oriented tenants.

The company’s portfolio has historically been concentrated in the Mid-Atlantic and Southeastern United States. Wheeler seeks to generate rental income through leasing space to grocery retailers and other commercial tenants, while managing property operations, tenant relationships, and redevelopment or repositioning opportunities where appropriate.

Wheeler Real Estate Investment Trust was established in 2012 and became a publicly traded company in 2015.