Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) in a note issued to investors on Wednesday. The firm set a “sell” rating on the real estate investment trust’s stock.

Wheeler Real Estate Investment Trust Price Performance

Shares of Wheeler Real Estate Investment Trust stock traded up $1.06 during trading on Wednesday, hitting $19.51. 37,270 shares of the stock were exchanged, compared to its average volume of 60,787. The firm’s 50-day moving average price is $14.01 and its 200 day moving average price is $23.67. The stock has a market cap of $11.12 million, a price-to-earnings ratio of 0.00 and a beta of 1.58. Wheeler Real Estate Investment Trust has a 12-month low of $7.35 and a 12-month high of $1,130.40.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC grew its stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 62.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,912,371 shares of the real estate investment trust’s stock after purchasing an additional 13,041,184 shares during the quarter. Wheeler Real Estate Investment Trust makes up about 4.0% of Stilwell Value LLC’s holdings, making the stock its 4th biggest position. 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 and Exchange Commission. 35.28% of the stock is currently 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.