Media stories about Wheeler Real Estate Investment Trust (NASDAQ:WHLR) have trended positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Wheeler Real Estate Investment Trust earned a news impact score of 0.25 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.3028032673461 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded up 2.46% during midday trading on Wednesday, reaching $11.64. 30,115 shares of the company traded hands. The firm’s market capitalization is $100.95 million. Wheeler Real Estate Investment Trust has a 12 month low of $7.95 and a 12 month high of $15.20. The company’s 50-day moving average price is $10.46 and its 200 day moving average price is $11.41.
Several equities analysts have recently weighed in on the stock. ValuEngine downgraded shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet downgraded shares of Wheeler Real Estate Investment Trust from a “c-” rating to a “d” rating in a research note on Tuesday, May 23rd. FBR & Co reissued an “outperform” rating and issued a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, July 11th. Wunderlich decreased their price target on shares of Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, May 24th. Finally, JMP Securities downgraded shares of Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Wheeler Real Estate Investment Trust presently has a consensus rating of “Buy” and an average price target of $16.00.
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In other news, CEO Jon S. Wheeler bought 4,000 shares of Wheeler Real Estate Investment Trust stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $10.04 per share, for a total transaction of $40,160.00. Following the acquisition, the chief executive officer now owns 110,997 shares in the company, valued at $1,114,409.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.27% of the stock is currently owned by corporate insiders.
About Wheeler Real Estate Investment Trust
Wheeler Real Estate Investment Trust, Inc is a self-managed commercial real estate investment company. The Company focuses on acquiring and managing retail properties with a primary focus on grocery-anchored centers. As of December 31, 2016, the Company owned a portfolio consisting of 74 properties, including 59 retail shopping centers and five freestanding retail properties totaling 4,906,511 gross leasable square feet of which approximately 94% were leased, one office property, eight undeveloped land parcels totaling approximately 70 acres and one redevelopment project.
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