Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Trading Down 9.8% – Here’s What Happened

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP)’s share price dropped 9.8% during trading on Wednesday . The company traded as low as $9.82 and last traded at $8.8580. 488 shares were traded during trading, a decline of 97% from the average session volume of 15,037 shares. The stock had previously closed at $9.82.

Wheeler Real Estate Investment Trust Stock Down 8.4%

The company’s fifty day moving average price is $9.30 and its two-hundred day moving average price is $7.67.

Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) last posted its quarterly earnings results on Friday, May 8th. The company reported ($14.55) earnings per share (EPS) for the quarter. The company had revenue of $24.01 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Wheeler Real Estate Investment Trust stock. Ursa Fund Management LLC raised its stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) by 57.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,292 shares of the company’s stock after buying an additional 71,992 shares during the period. Wheeler Real Estate Investment Trust makes up approximately 0.9% of Ursa Fund Management LLC’s holdings, making the stock its 5th largest holding. Ursa Fund Management LLC’s holdings in Wheeler Real Estate Investment Trust were worth $835,000 at the end of the most recent reporting period.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRP) is a real estate investment trust that specializes in the acquisition and management of single-tenant retail and industrial properties under long-term, triple-net leases. The company’s investment strategy focuses on securing creditworthy tenants—often in sectors such as automotive services, fast food, medical services and banking—to generate stable, predictable rental income over the life of each lease.

Wheeler REIT’s portfolio spans a broad range of lower-middle market properties across the United States, offering geographic diversification and reducing exposure to any single market or tenant.