Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Price Crosses Below 200 Day Moving Average of $3.71

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.71 and traded as low as $2.79. Wheeler Real Estate Investment Trust shares last traded at $2.82, with a volume of 5,146 shares changing hands.

The firm has a fifty day simple moving average of $3.05 and a 200 day simple moving average of $3.70. The stock has a market cap of $26.81 million, a price-to-earnings ratio of 10.26 and a beta of 3.34.

Several institutional investors and hedge funds have recently modified their holdings of the company. Eidelman Virant Capital raised its holdings in shares of Wheeler Real Estate Investment Trust by 6.4% in the 3rd quarter. Eidelman Virant Capital now owns 581,000 shares of the real estate investment trust’s stock worth $1,703,000 after buying an additional 35,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Wheeler Real Estate Investment Trust by 11.0% in the 2nd quarter. Renaissance Technologies LLC now owns 231,433 shares of the real estate investment trust’s stock worth $1,171,000 after buying an additional 23,000 shares in the last quarter. Skylands Capital LLC acquired a new position in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth approximately $1,047,000. Geode Capital Management LLC raised its holdings in shares of Wheeler Real Estate Investment Trust by 14.3% in the 2nd quarter. Geode Capital Management LLC now owns 64,881 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 8,102 shares in the last quarter. Finally, State Street Corp acquired a new position in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth approximately $232,000. 28.91% of the stock is owned by institutional investors and hedge funds.

About Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

Wheeler Real Estate Investment Trust, Inc engages in the acquisition, finance, development, lease, ownership, and management of retail properties. Its property portfolio includes income producing, strip centers, neighborhood, grocery-anchored, community, and free-standing retail properties. The company was founded on June 23, 2011 and is headquartered in Virginia Beach, VA.

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