Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) from a sell rating to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

NASDAQ:WHLR opened at $0.92 on Friday. Wheeler Real Estate Investment Trust has a 52-week low of $0.89 and a 52-week high of $301.50. The stock has a fifty day simple moving average of $2.04 and a 200-day simple moving average of $2.93. The company has a market capitalization of $1.32 million, a PE ratio of 0.00 and a beta of 1.44.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings data on Thursday, March 5th. The real estate investment trust reported ($2.67) earnings per share for the quarter. The firm had revenue of $25.17 million for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 78.92% and a net margin of 11.86%.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A number of large investors have recently added to or reduced their stakes in the company. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $38,000. Jane Street Group LLC acquired a new stake in shares of 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 shares of Wheeler Real Estate Investment Trust in the second quarter worth $80,000. Institutional investors own 35.28% 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.