B. Riley restated their buy rating on shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in a research note released on Friday morning. The firm currently has a $13.00 price objective on the real estate investment trust’s stock. 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.
A number of other equities analysts have also recently weighed in on WHLR. ValuEngine upgraded Wheeler Real Estate Investment Trust from a hold rating to a buy rating in a report on Thursday, July 13th. FBR & Co reissued a buy rating and set a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, September 19th. 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 research note on Thursday, September 21st. Finally, Compass Point lowered Wheeler Real Estate Investment Trust from a buy rating to a neutral rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $14.83.
Wheeler Real Estate Investment Trust (NASDAQ WHLR) remained flat at $$9.75 during midday trading on Friday. The company’s stock had a trading volume of 84,100 shares, compared to its average volume of 76,753. The firm has a market capitalization of $85.13, a PE ratio of 7.33 and a beta of 1.14. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 5.94. Wheeler Real Estate Investment Trust has a 1-year low of $7.95 and a 1-year high of $14.64.
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The company also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Friday, September 29th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 13.95%. The ex-dividend date was Thursday, September 28th. Wheeler Real Estate Investment Trust’s payout ratio is -67.00%.
In other news, CEO Jon S. Wheeler bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average price 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 $1,114,409.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.27% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Virtu KCG Holdings LLC acquired a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $103,000. Dimensional Fund Advisors LP acquired a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $159,000. JPMorgan Chase & Co. raised its position in 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 valued at $250,000 after purchasing an additional 137,564 shares in the last quarter. Menta Capital LLC acquired a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $380,000. Finally, Boston Partners acquired a new stake in Wheeler Real Estate Investment Trust in the 3rd quarter valued at about $2,475,000.
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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