Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Trading Down 9.8% – What’s Next?

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) dropped 9.8% during mid-day trading on Wednesday . The stock traded as low as $9.82 and last traded at $8.8580. Approximately 488 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 15,037 shares. The stock had previously closed at $9.82.

Wheeler Real Estate Investment Trust Trading Down 9.8%

The stock’s 50-day simple moving average is $9.28 and its 200 day simple moving average is $7.64.

Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) last posted its quarterly earnings data on Friday, May 8th. The company reported ($14.55) earnings per share for the quarter. The firm had revenue of $24.01 million during the quarter.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Susquehanna International Group LLP purchased a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,857 shares of the company’s stock, valued at approximately $67,000.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRP) is a real estate investment trust that specializes in the acquisition and management of single-tenant retail and industrial properties under long-term, triple-net leases. The company’s investment strategy focuses on securing creditworthy tenants—often in sectors such as automotive services, fast food, medical services and banking—to generate stable, predictable rental income over the life of each lease.

Wheeler REIT’s portfolio spans a broad range of lower-middle market properties across the United States, offering geographic diversification and reducing exposure to any single market or tenant.