The stock of Wheeler Real Estate Investment T (NASDAQ:WHLR) registered a decrease of 14.41% in short interest. WHLR’s total short interest was 108,700 shares in September as published by FINRA. Its down 14.41% from 127,000 shares, reported previously. With 66,300 shares average volume, it will take short sellers 2 days to cover their WHLR’s short positions. The short interest to Wheeler Real Estate Investment T’s float is 0.2%. The stock decreased 1.30% or $0.02 on September 28, hitting $1.71. Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) has risen 50.00% since February 25, 2016 and is uptrending. It has outperformed by 38.74% the S&P500.
Wheeler Real Estate Investment Trust, Inc. is a self-managed commercial real estate investment company. The company has a market cap of $114.76 million. The Firm was formed for acquiring, financing, developing, leasing, owning and managing strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. It currently has negative earnings. The Firm owns a portfolio of approximately 50 properties, including 40 retail shopping centers and three freestanding retail properties, totaling over 3,151,360 gross leasable square feet.
Insitutional Activity: The institutional sentiment decreased to 1.38 in Q2 2016. Its down 1.29, from 2.67 in 2016Q1. The ratio worsened, as 4 funds sold all Wheeler Real Estate Investment Trust Inc shares owned while 9 reduced positions. 7 funds bought stakes while 11 increased positions. They now own 28.39 million shares or 0.80% more from 28.16 million shares in 2016Q1.
Ns Advisors Llc holds 7.54% of its portfolio in Wheeler Real Estate Investment Trust Inc for 3.59 million shares. Orinda Asset Management Llc owns 2.32 million shares or 3.21% of their US portfolio. Moreover, Bulldog Investors Llc has 1.71% invested in the company for 4.33 million shares. The Connecticut-based Ardsley Advisory Partners has invested 0.77% in the stock. Diligent Investors Llc, a California-based fund reported 419,037 shares.
Out of 2 analysts covering Wheeler Real Estate Investment Trust (NASDAQ:WHLR), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Wheeler Real Estate Investment Trust has been the topic of 2 analyst reports since March 10, 2016 according to StockzIntelligence Inc. JMP Securities downgraded the stock on August 22 to “Mkt Perform” rating.
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