Wheeler Real Estate Investment Trust (WHLR) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) from a strong sell rating to a hold rating in a research note published on Saturday morning.

According to Zacks, “Wheeler Real Estate Investment Trust, Inc. is engaged in acquiring, financing, developing, leasing, owning and managing income producing assets, such as strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. It operates in the mid-Atlantic, southeastern and southwestern United States. Wheeler Real Estate Investment Trust, Inc. is headquartered in Virginia Beach, Virginia. “

WHLR has been the subject of several other reports. Compass Point lowered shares of Wheeler Real Estate Investment Trust from a buy rating to a neutral rating in a research note on Friday, November 3rd. B. Riley set a $13.00 price target on shares of Wheeler Real Estate Investment Trust and gave the stock a buy rating in a research note on Monday, January 8th. ValuEngine upgraded shares of Wheeler Real Estate Investment Trust from a hold rating to a buy rating in a research note on Monday, October 2nd. Finally, FBR & Co reiterated a buy rating and issued a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $13.80.

Shares of Wheeler Real Estate Investment Trust (NASDAQ WHLR) traded down $0.53 during midday trading on Friday, reaching $6.63. 784,300 shares of the company’s stock traded hands, compared to its average volume of 235,660. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 7.05. Wheeler Real Estate Investment Trust has a 1-year low of $6.00 and a 1-year high of $14.64. The company has a market cap of $62.61, a price-to-earnings ratio of -3.27 and a beta of 1.19.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings results on Thursday, November 9th. The real estate investment trust reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.92). Wheeler Real Estate Investment Trust had a negative return on equity of 16.99% and a negative net margin of 13.61%. research analysts expect that Wheeler Real Estate Investment Trust will post 1.39 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Wheeler Real Estate Investment Trust by 106.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 32,040 shares of the real estate investment trust’s stock worth $370,000 after acquiring an additional 16,508 shares in the last quarter. Boston Partners bought a new stake in Wheeler Real Estate Investment Trust during the 3rd quarter valued at about $2,475,000. Stilwell Value LLC bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $7,227,000. Virtu KCG Holdings LLC bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $103,000. Finally, Menta Capital LLC bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $380,000. Institutional investors own 28.09% of the company’s stock.

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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.

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