Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.84 and traded as low as $11.00. Wheeler Real Estate Investment Trust shares last traded at $11.54, with a volume of 469,034 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Wheeler Real Estate Investment Trust in a research report on Wednesday, July 3rd. They set a “sell” rating for the company.

Wheeler Real Estate Investment Trust Stock Down 11.6 %

The company’s 50-day moving average is $6.17 and its two-hundred day moving average is $11.84. The company has a market capitalization of $2.19 million, a P/E ratio of 0.00 and a beta of 1.61.

Insiders Place Their Bets

In other news, major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of Wheeler Real Estate Investment Trust stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $20.48, for a total transaction of $192,102.40. Following the completion of the sale, the insider now directly owns 261,326 shares of the company’s stock, valued at approximately $5,351,956.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 49,336 shares of company stock valued at $967,782 in the last quarter. Corporate insiders own 40.62% of the company’s stock.

Institutional Trading of Wheeler Real Estate Investment Trust

An institutional investor recently raised its position in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC raised its holdings in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 62.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,912,371 shares of the real estate investment trust’s stock after purchasing an additional 13,041,184 shares during the period. Wheeler Real Estate Investment Trust accounts for about 4.0% of Stilwell Value LLC’s holdings, making the stock its 4th largest holding. Stilwell Value LLC owned about 49.85% of Wheeler Real Estate Investment Trust worth $5,324,000 at the end of the most recent quarter. 35.28% of the stock is currently owned by institutional investors and hedge funds.

About Wheeler Real Estate Investment Trust

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.