Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Stock Price Down 5% – Here’s What Happened

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) was down 5% during trading on Tuesday . The stock traded as low as $9.21 and last traded at $9.98. 2,681 shares were traded during mid-day trading, a decline of 83% from the average session volume of 15,707 shares. The stock had previously closed at $10.51.

Wheeler Real Estate Investment Trust Trading Down 2.1%

The business has a fifty day moving average of $8.56 and a 200 day moving average of $7.24.

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 for the quarter. The company had revenue of $24.01 million during the quarter.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

An institutional investor recently raised its stake in Wheeler Real Estate Investment Trust stock. Ursa Fund Management LLC raised its position in shares of 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 & Exchange Commission. The firm owned 197,292 shares of the company’s stock after acquiring an additional 71,992 shares during the period. Wheeler Real Estate Investment Trust makes up approximately 0.9% of Ursa Fund Management LLC’s investment portfolio, making the stock its 5th largest position. 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.