Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Posts Earnings Results

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) issued its quarterly earnings results on Friday. The real estate investment trust reported $5.97 earnings per share for the quarter, Zacks reports. Wheeler Real Estate Investment Trust had a net margin of 11.86% and a negative return on equity of 78.92%. The firm had revenue of $24.01 million during the quarter.

Wheeler Real Estate Investment Trust Price Performance

WHLR opened at $1.14 on Friday. Wheeler Real Estate Investment Trust has a 12 month low of $1.03 and a 12 month high of $904.50. The business has a 50 day simple moving average of $3.26 and a 200-day simple moving average of $6.39. The stock has a market capitalization of $228,000.00, a P/E ratio of 0.00 and a beta of 1.12.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WHLR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, April 8th. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheeler Real Estate Investment Trust currently has a consensus rating of “Sell”.

Insider Activity at Wheeler Real Estate Investment Trust

In other Wheeler Real Estate Investment Trust news, major shareholder Magnetar Financial Llc sold 29,059 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $2.58, for a total transaction of $74,972.22. Following the completion of the transaction, the insider owned 2,679 shares in the company, valued at approximately $6,911.82. The trade was a 91.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 48,353 shares of company stock valued at $125,258 in the last ninety days. 51.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Several institutional investors have recently added to or reduced their stakes in WHLR. Bank of America Corp DE acquired a new position in Wheeler Real Estate Investment Trust during the second quarter worth approximately $80,000. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust during the fourth quarter worth approximately $38,000. Finally, Jane Street Group LLC acquired a new stake in Wheeler Real Estate Investment Trust during the fourth quarter worth about $62,000. 35.28% of the stock is currently owned by institutional investors and hedge funds.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.