Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) in a research 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 Stock Up 5.7 %

Shares of WHLR traded up $1.06 during trading hours on Wednesday, reaching $19.51. The stock had a trading volume of 37,270 shares, compared to its average volume of 60,787. The company has a market cap of $11.12 million, a P/E ratio of 0.00 and a beta of 1.58. Wheeler Real Estate Investment Trust has a 52 week low of $7.35 and a 52 week high of $1,130.40. The firm has a 50-day moving average of $14.01 and a 200 day moving average of $23.67.

Institutional Trading of Wheeler Real Estate Investment Trust

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Bandera Partners LLC acquired a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,435,309 shares of the real estate investment trust’s stock, valued at approximately $743,000. Wheeler Real Estate Investment Trust accounts for 0.2% of Bandera Partners LLC’s portfolio, making the stock its 18th largest position. Bandera Partners LLC owned about 75.40% of Wheeler Real Estate Investment Trust as of its most recent SEC filing. Institutional investors and hedge funds own 35.28% of the company’s stock.

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.