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

Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) are going to reverse split before the market opens 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 closing bell on Thursday, June 20th.

Wheeler Real Estate Investment Trust Price Performance

NASDAQ WHLR opened at $2.42 on Tuesday. Wheeler Real Estate Investment Trust has a 12 month low of $1.47 and a 12 month high of $226.08. The company has a market capitalization of $6.87 million, a P/E ratio of 0.00 and a beta of 1.43. The company’s 50 day simple moving average is $2.78 and its 200 day simple moving average is $4.45.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC lifted its stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 17,568.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,871,187 shares of the real estate investment trust’s stock after purchasing an additional 20,753,058 shares during the period. Wheeler Real Estate Investment Trust makes up about 4.7% of Stilwell Value LLC’s holdings, making the stock its 4th biggest position. Stilwell Value LLC owned 646.17% of Wheeler Real Estate Investment Trust worth $6,368,000 as of its most recent SEC filing. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

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.