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

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

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ 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 firm has a market capitalization of $228,000.00, a price-to-earnings ratio of 0.00 and a beta of 1.12. The business has a 50-day moving average of $3.26 and a 200-day moving average of $6.39.

Insider Activity at Wheeler Real Estate Investment Trust

In other news, major shareholder Magnetar Financial Llc sold 29,059 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 48,353 shares of company stock worth $125,258 over the last ninety days. 51.93% of the stock is currently owned by insiders.

Institutional Trading of Wheeler Real Estate Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of WHLR. HRT Financial LP bought a new stake in Wheeler Real Estate Investment Trust in the fourth quarter valued at approximately $38,000. Jane Street Group LLC bought a new stake in Wheeler Real Estate Investment Trust in the fourth quarter valued at approximately $62,000. Finally, Bank of America Corp DE bought a new stake in Wheeler Real Estate Investment Trust in the second quarter valued at approximately $80,000. Institutional investors own 35.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WHLR shares. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, April 8th. Wall Street Zen upgraded Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Company Profile

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.