Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Update

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 206,687 shares, a decrease of 21.8% from the November 30th total of 264,381 shares. Currently, 62.3% of the shares of the stock are short sold. Based on an average daily volume of 9,326,074 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 9,326,074 shares, the days-to-cover ratio is currently 0.0 days. Currently, 62.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE purchased a new stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned approximately 1.03% of Wheeler Real Estate Investment Trust at the end of the most recent reporting period. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ:WHLR opened at $1.76 on Wednesday. The firm has a market cap of $1.21 million, a price-to-earnings ratio of 0.00 and a beta of 1.31. The firm has a fifty day moving average price of $2.62 and a 200 day moving average price of $10.59. Wheeler Real Estate Investment Trust has a fifty-two week low of $1.69 and a fifty-two week high of $959.98.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $4.20 earnings per share (EPS) for the quarter. The company had revenue of $23.82 million for the quarter. Wheeler Real Estate Investment Trust had a net margin of 49.20% and a negative return on equity of 295.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Company Profile

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.