Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Set to Reverse Split on Thursday, June 20th

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRFree Report)’s stock is scheduled to reverse split on Thursday, June 20th. The 1-6 reverse split was announced on Thursday, June 20th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, June 20th.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ:WHLR opened at $2.42 on Tuesday. Wheeler Real Estate Investment Trust has a 52 week low of $1.47 and a 52 week high of $226.08. The firm’s fifty day moving average is $2.78 and its 200-day moving average is $4.45. The firm has a market cap of $6.87 million, a P/E ratio of 0.00 and a beta of 1.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bandera Partners LLC purchased a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,435,309 shares of the real estate investment trust’s stock, valued at approximately $743,000. Wheeler Real Estate Investment Trust accounts for about 0.2% of Bandera Partners LLC’s holdings, making the stock its 18th biggest holding. Bandera Partners LLC owned 75.40% of Wheeler Real Estate Investment Trust as of its most recent SEC filing. Hedge funds and other institutional investors own 35.28% of the company’s stock.

About Wheeler Real Estate Investment Trust

(Get Free Report)

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.

Further Reading

Receive News & Ratings for Wheeler Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheeler Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.