Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Cross Below 200 Day Moving Average – Should You Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.84 and traded as low as $11.00. Wheeler Real Estate Investment Trust shares last traded at $11.54, with a volume of 469,034 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, July 3rd. They issued a “sell” rating for the company.

Wheeler Real Estate Investment Trust Stock Performance

The stock has a market cap of $6.54 million, a P/E ratio of 0.00 and a beta of 1.61. The firm has a 50-day moving average price of $6.17 and a 200-day moving average price of $11.76.

Insider Buying and Selling

In other Wheeler Real Estate Investment Trust news, major shareholder Magnolia Capital Fund, Lp sold 3,516 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.00, for a total transaction of $66,804.00. Following the completion of the transaction, the insider now owns 317,646 shares of the company’s stock, valued at approximately $6,035,274. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 49,336 shares of company stock valued at $967,782 over the last ninety days. Company insiders own 40.62% of the company’s stock.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC boosted its stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 62.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,912,371 shares of the real estate investment trust’s stock after buying an additional 13,041,184 shares during the period. Wheeler Real Estate Investment Trust makes up about 4.0% of Stilwell Value LLC’s investment portfolio, making the stock its 4th largest holding. 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 & Exchange Commission. 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.