Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Given “Buy” Rating at B. Riley

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)‘s stock had its “buy” rating reiterated by investment analysts at B. Riley in a research report issued on Friday, November 10th. They currently have a $13.00 target price on the real estate investment trust’s stock. B. Riley’s price objective indicates a potential upside of 33.88% from the company’s current price. B. Riley also issued estimates for Wheeler Real Estate Investment Trust’s Q4 2017 earnings at $0.37 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.51 EPS.

Several other brokerages have also recently issued reports on WHLR. FBR & Co restated a “buy” rating and issued a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, September 19th. ValuEngine cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, September 21st. Finally, Compass Point cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wheeler Real Estate Investment Trust currently has an average rating of “Buy” and a consensus price target of $14.83.

Wheeler Real Estate Investment Trust (NASDAQ WHLR) opened at $9.71 on Friday. The firm has a market cap of $86.70, a P/E ratio of 7.47 and a beta of 1.14. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 7.05. Wheeler Real Estate Investment Trust has a one year low of $7.95 and a one year high of $14.64.

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In related news, CEO Jon S. Wheeler purchased 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 approximately $1,114,409.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.27% of the company’s stock.

Several institutional investors have recently bought and sold shares of WHLR. Stilwell Value LLC bought a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth about $7,227,000. Vanguard Group Inc. increased its holdings in shares of Wheeler Real Estate Investment Trust by 47.3% in the 1st quarter. Vanguard Group Inc. now owns 4,324,217 shares of the real estate investment trust’s stock worth $7,481,000 after buying an additional 1,387,874 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Wheeler Real Estate Investment Trust by 373.5% in the 1st quarter. Renaissance Technologies LLC now owns 1,557,925 shares of the real estate investment trust’s stock worth $2,695,000 after buying an additional 1,228,925 shares during the last quarter. Boston Partners bought a new stake in shares of Wheeler Real Estate Investment Trust in the 3rd quarter worth about $2,475,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Wheeler Real Estate Investment Trust by 1,910.6% in the 1st quarter. JPMorgan Chase & Co. now owns 144,764 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 137,564 shares during the last quarter. Hedge funds and other institutional investors own 68.63% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

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.

Analyst Recommendations for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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