Wheeler Real Estate Investment Trust Inc. [NASDAQ: WHLR] stock went on an upward path that rose over 8.53% on Tuesday, amounting to a one-week price increase of more than 13.09%. The company report on May 17, 2021 that Wheeler Real Estate Investment Trust Announces Results of Modified Dutch Auction Tender Offer.
Virginia Beach, VA –News Direct– Wheeler Real Estate Investment Trust, Inc.
Wheeler Real Estate Investment Trust, Inc. (the “Company” or “Wheeler”) (NASDAQ: WHLR) announced the results of its modified Dutch auction tender offer, which expired at 11:59 P.M., Eastern Daylight Time, on Friday, May 14, 2021.
Over the last 12 months, WHLR stock rose by 218.06%.
The market cap for the stock reached $45.57 million, with 9.71 million shares outstanding and 7.39 million shares in the current float. Compared to the average trading volume of 99.00K shares, WHLR stock reached a trading volume of 1472742 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Wheeler Real Estate Investment Trust Inc. [WHLR]:
B. Riley FBR Inc. have made an estimate for Wheeler Real Estate Investment Trust Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 20, 2018. While these analysts kept the previous recommendation, B. Riley FBR Inc. raised their target price to Buy. The new note on the price target was released on January 17, 2018, representing the official price target for Wheeler Real Estate Investment Trust Inc. stock.
The Average True Range (ATR) for Wheeler Real Estate Investment Trust Inc. is set at 0.28, with the Price to Sales ratio for WHLR stock in the period of the last 12 months amounting to 0.76. Price to Free Cash Flow for WHLR in the course of the last twelve months was 3.16.
WHLR Stock Performance Analysis:
Wheeler Real Estate Investment Trust Inc. [WHLR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.09. With this latest performance, WHLR shares gained by 8.53% in over the last four-week period, additionally plugging by 44.27% over the last 6 months – not to mention a rise of 218.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WHLR stock in for the last two-week period is set at 66.31, with the RSI for the last a single of trading hit 72.32, and the three-weeks RSI is set at 62.89 for Wheeler Real Estate Investment Trust Inc. [WHLR]. The present Moving Average for the last 50 days of trading for this stock 3.96, while it was recorded at 4.25 for the last single week of trading, and 3.22 for the last 200 days.
Insight into Wheeler Real Estate Investment Trust Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Wheeler Real Estate Investment Trust Inc. [WHLR] shares currently have an operating margin of +30.60 and a Gross Margin at +41.92. Wheeler Real Estate Investment Trust Inc.’s Net Margin is presently recorded at +0.40.
Return on Total Capital for WHLR is now 4.06, given the latest momentum, and Return on Invested Capital for the company is 0.06. Return on Equity for this stock inclined to 0.22, with Return on Assets sitting at 0.05. When it comes to the capital structure of this company, Wheeler Real Estate Investment Trust Inc. [WHLR] has a Total Debt to Total Equity ratio set at 314.50. Additionally, WHLR Total Debt to Total Capital is recorded at 75.87, with Total Debt to Total Assets ending up at 71.00.
Reflecting on the efficiency of the workforce at the company, Wheeler Real Estate Investment Trust Inc. [WHLR] managed to generate an average of $7,000 per employee. Receivables Turnover for the company is 7.66 with a Total Asset Turnover recorded at a value of 0.13.
Wheeler Real Estate Investment Trust Inc. [WHLR] Insider Position Details
There are presently around $11 million, or 39.20% of WHLR stock, in the hands of institutional investors. The top three institutional holders of WHLR stocks are: STILWELL VALUE LLC with ownership of 1,181,336, which is approximately 0% of the company’s market cap and around 12.40% of the total institutional ownership; EIDELMAN VIRANT CAPITAL, holding 594,000 shares of the stock with an approximate value of $2.72 million in WHLR stocks shares; and VANGUARD GROUP INC, currently with $1.34 million in WHLR stock with ownership of nearly 4.364% of the company’s market capitalization.
Positions in Wheeler Real Estate Investment Trust Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 6 institutional holders increased their position in Wheeler Real Estate Investment Trust Inc. [NASDAQ:WHLR] by around 156,291 shares. Additionally, 3 investors decreased positions by around 94,147 shares, while 7 investors held positions by with 2,246,435 shares. The mentioned changes placed institutional holdings at 2,496,873 shares, according to the latest SEC report filing. WHLR stock had 2 new institutional investments in for a total of 90,780 shares, while 1 institutional investors sold positions of 250 shares during the same period.