Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.10 and traded as low as $2.90. Wheeler Real Estate Investment Trust shares last traded at $2.98, with a volume of 25,160 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WHLR shares. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, October 14th. Wall Street Zen cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheeler Real Estate Investment Trust has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

The company’s 50 day moving average is $6.40 and its two-hundred day moving average is $20.10. The firm has a market cap of $2.82 million, a P/E ratio of 0.00 and a beta of 1.36.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE purchased a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned 1.03% of Wheeler Real Estate Investment Trust as of its most recent SEC filing. 35.28% of the stock is owned by institutional investors.

Wheeler Real Estate Investment Trust Company Profile

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.