Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Pass Below Two Hundred Day Moving Average of $2.22

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRGet Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.22 and traded as low as $1.40. Wheeler Real Estate Investment Trust shares last traded at $1.40, with a volume of 9,132 shares trading hands.

Wheeler Real Estate Investment Trust Price Performance

The firm has a market cap of $13.71 million, a P/E ratio of -0.80 and a beta of 2.49. The stock’s 50 day moving average is $2.12 and its two-hundred day moving average is $2.22.

Insiders Place Their Bets

In other Wheeler Real Estate Investment Trust news, Director Kerry G. Campbell sold 20,110 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $2.02, for a total transaction of $40,622.20. Following the sale, the director now directly owns 79,890 shares of the company’s stock, valued at $161,377.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 40.62% of the company’s stock.

Institutional Trading of Wheeler Real Estate Investment Trust

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Eidelman Virant Capital boosted its holdings in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRGet Rating) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 689,097 shares of the real estate investment trust’s stock after buying an additional 9,097 shares during the period. Eidelman Virant Capital owned approximately 7.09% of Wheeler Real Estate Investment Trust worth $1,584,000 as of its most recent SEC filing. Institutional investors own 53.77% of the company’s stock.

About Wheeler Real Estate Investment Trust

(Get Rating)

Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLR ) is a fully integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.

Further Reading

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