Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) in a research report sent to investors on Wednesday. The firm issued a sell rating on the real estate investment trust’s stock.

Wheeler Real Estate Investment Trust Stock Performance

Wheeler Real Estate Investment Trust stock opened at $19.51 on Wednesday. Wheeler Real Estate Investment Trust has a 1 year low of $7.35 and a 1 year high of $1,130.40. The firm has a 50 day moving average price of $14.01 and a 200 day moving average price of $23.67. The company has a market cap of $11.12 million, a price-to-earnings ratio of 0.00 and a beta of 1.58.

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. Bandera Partners LLC bought a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,435,309 shares of the real estate investment trust’s stock, valued at approximately $743,000. Wheeler Real Estate Investment Trust accounts for about 0.2% of Bandera Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Bandera Partners LLC owned about 75.40% of Wheeler Real Estate Investment Trust as of its most recent filing with the Securities & Exchange Commission. 35.28% of the stock is owned by institutional investors and hedge funds.

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.