Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Pass Above Fifty Day Moving Average of $1.80

Shares of Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.80 and traded as high as $2.07. Wheeler Real Estate Investment Trust shares last traded at $2.07, with a volume of 63 shares.

Separately, ValuEngine raised Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 348.76. The company has a market cap of $20.26 million, a price-to-earnings ratio of 3.94 and a beta of 3.46. The company has a fifty day simple moving average of $1.80 and a two-hundred day simple moving average of $1.72.

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Vanguard Group Inc. grew its stake in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) by 77.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,364 shares of the real estate investment trust’s stock after acquiring an additional 127,961 shares during the quarter. Vanguard Group Inc. owned about 3.03% of Wheeler Real Estate Investment Trust worth $407,000 at the end of the most recent quarter. 22.89% of the stock is owned by institutional investors.

About Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc 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. Wheeler's portfolio contains well-located, potentially dominant retail properties in secondary and tertiary markets that generate attractive, risk-adjusted returns, with a particular emphasis on grocery-anchored retail centers.

Further Reading: Market Perform

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