Media coverage about Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has been trending positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wheeler Real Estate Investment Trust earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.1880688762025 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities analysts have recently issued reports on the company. ValuEngine raised Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, September 21st. Finally, FBR & Co reissued a “buy” rating and set a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, September 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $15.20.
Wheeler Real Estate Investment Trust (NASDAQ WHLR) traded up 0.11% on Friday, hitting $9.26. The company’s stock had a trading volume of 69,800 shares. Wheeler Real Estate Investment Trust has a 1-year low of $7.95 and a 1-year high of $14.64. The company has a 50 day moving average price of $10.92 and a 200-day moving average price of $10.76. The company’s market capitalization is $80.31 million.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 29th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 14.69%. The ex-dividend date was Thursday, September 28th. Wheeler Real Estate Investment Trust’s dividend payout ratio is currently -74.32%.
In other news, CEO Jon S. Wheeler acquired 4,000 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $10.04 per share, with a total value of $40,160.00. Following the purchase, the chief executive officer now owns 110,997 shares in the company, valued at approximately $1,114,409.88. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.27% of the company’s stock.
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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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