Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.30 and traded as low as $1.86. Wheeler Real Estate Investment Trust shares last traded at $1.98, with a volume of 177,276 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in 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 downgraded shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Performance

The firm has a market cap of $1.37 million, a PE ratio of 0.00 and a beta of 1.31. The company’s 50-day simple moving average is $2.79 and its two-hundred day simple moving average is $11.30.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $4.20 earnings per share for the quarter. The company had revenue of $23.82 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%.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

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 Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned approximately 1.03% of Wheeler Real Estate Investment Trust at the end of the most recent reporting period. Hedge funds and other institutional investors own 35.28% of the company’s stock.

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.