Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) announced a quarterly dividend on Monday, April 10th, NASDAQ reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.42 per share by the real estate investment trust on Monday, January 15th. This represents a $1.68 annualized dividend and a dividend yield of 23.46%. The ex-dividend date of this dividend is Wednesday, December 27th. This is a positive change from Wheeler Real Estate Investment Trust’s previous quarterly dividend of $0.34.
Wheeler Real Estate Investment Trust (NASDAQ WHLR) traded down $1.31 during mid-day trading on Friday, reaching $7.16. The company’s stock had a trading volume of 459,968 shares, compared to its average volume of 102,208. Wheeler Real Estate Investment Trust has a twelve month low of $7.05 and a twelve month high of $14.64. 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 stock has a market capitalization of $74.06, a price-to-earnings ratio of -3.53 and a beta of 1.19.
A number of equities research analysts recently weighed in on WHLR shares. B. Riley reiterated a “buy” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, November 1st. ValuEngine upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded 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. FBR & Co reiterated a “buy” rating and set a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, September 19th. Finally, Compass Point cut Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Wheeler Real Estate Investment Trust presently has a consensus rating of “Buy” and a consensus target price of $13.80.
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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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