Wheeler Real Estate Investment Trust Stock Scheduled to Reverse Split on Tuesday, September 22nd (NASDAQ:WHLR)

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) are scheduled to reverse split on Tuesday, September 22nd. The 1-9 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 21st.

Wheeler Real Estate Investment Trust Trading Down 29.1%

WHLR traded down $0.11 during trading on Friday, hitting $0.27. 7,642,377 shares of the company’s stock traded hands, compared to its average volume of 626,331. Wheeler Real Estate Investment Trust has a 12-month low of $0.27 and a 12-month high of $11,088.00. The company’s 50 day simple moving average is $2.65 and its two-hundred day simple moving average is $397.05. The stock has a market capitalization of $206,052.00, a price-to-earnings ratio of -0.00 and a beta of 1.05.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $34.98 earnings per share for the quarter. Wheeler Real Estate Investment Trust had a net margin of 14.99% and a negative return on equity of 186.97%. The company had revenue of $22.48 million for the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WHLR shares. Weiss Ratings upgraded shares of Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, August 26th. Wall Street Zen upgraded Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Insider Activity at Wheeler Real Estate Investment Trust

In other news, major shareholder Financial Lp Hrt sold 3,329 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $9.80, for a total value of $32,624.20. Following the transaction, the insider directly owned 4,769 shares of the company’s stock, valued at approximately $46,736.20. This represents a 41.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 24,547 shares of company stock worth $84,765 in the last three months. Insiders own 51.93% of the company’s stock.

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.