Wheeler Real Estate Investment Trust (WHLR) Given a $13.00 Price Target at B. Riley

B. Riley set a $13.00 price target on Wheeler Real Estate Investment Trust (NASDAQ:WHLR) in a report issued on Monday. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on WHLR. 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. FBR & Co restated a buy rating and set a $13.00 price objective on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, September 19th. 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 objective for the company in a research note on Thursday, September 21st. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Wheeler Real Estate Investment Trust has an average rating of Buy and an average price target of $13.80.

Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded up $0.65 during trading on Monday, hitting $8.47. 275,500 shares of the company traded hands, compared to its average volume of 139,050. The company has a debt-to-equity ratio of 7.05, a quick ratio of 3.37 and a current ratio of 3.37. The company has a market cap of $73.95, a price-to-earnings ratio of -3.80 and a beta of 1.18. Wheeler Real Estate Investment Trust has a 52 week low of $7.70 and a 52 week high of $14.64.

A number of large investors have recently modified their holdings of the business. Stilwell Value LLC purchased a new position in Wheeler Real Estate Investment Trust during the second quarter valued at approximately $7,227,000. Boston Partners bought a new stake in shares of Wheeler Real Estate Investment Trust during the third quarter valued at approximately $2,475,000. Menta Capital LLC bought a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter valued at approximately $380,000. Dimensional Fund Advisors LP raised its position in shares of Wheeler Real Estate Investment Trust by 106.3% during the third quarter. Dimensional Fund Advisors LP now owns 32,040 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 16,508 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter valued at approximately $103,000. 28.09% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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