Wheeler Real Estate Investment Trust (NASDAQ:WHLRL) Shares Climb 6.2% – What’s Next?

by · The Markets Daily

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL – Get Free Report) traded up 6.2% during mid-day trading on Wednesday. The company traded as high as $85.00 and last traded at $84.9750. 33,455 shares were traded during trading, an increase of 439% from the average session volume of 6,203 shares. The stock had previously closed at $80.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust Stock Down 0.0%

The business’s fifty day simple moving average is $80.20 and its two-hundred day simple moving average is $80.44.

About Wheeler Real Estate Investment Trust

(Get Free Report)

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on owning, leasing and managing grocery-anchored and other neighborhood shopping centers. Its properties are generally designed to serve everyday consumer needs and may include grocery stores, pharmacies, restaurants, service providers and other retail tenants.

The company has historically concentrated its portfolio in secondary and tertiary markets across the Mid-Atlantic and Southeastern United States.

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