Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Share Price Passes Below 200-Day Moving Average – Here’s Why

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.19 and traded as low as $11.05. Wheeler Real Estate Investment Trust shares last traded at $11.69, with a volume of 396,945 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, July 3rd. They issued a “sell” rating for the company.

Wheeler Real Estate Investment Trust Stock Down 1.9 %

The business has a 50-day simple moving average of $7.17 and a two-hundred day simple moving average of $11.19. The stock has a market capitalization of $6.63 million, a price-to-earnings ratio of 0.00 and a beta of 1.61.

Insider Activity

In related news, major shareholder Magnolia Capital Fund, Lp sold 2,900 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.05, for a total transaction of $55,245.00. Following the transaction, the insider now directly owns 293,789 shares of the company’s stock, valued at $5,596,680.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 49,336 shares of company stock worth $967,782 over the last 90 days. 40.62% of the stock is currently owned by company insiders.

Institutional Trading of Wheeler Real Estate Investment Trust

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC lifted its stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 62.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,912,371 shares of the real estate investment trust’s stock after acquiring an additional 13,041,184 shares during the quarter. Wheeler Real Estate Investment Trust accounts for 4.0% of Stilwell Value LLC’s portfolio, making the stock its 4th largest holding. Stilwell Value LLC owned 49.85% of Wheeler Real Estate Investment Trust worth $5,324,000 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.