Wheeler Real Estate Investment Trust (WHLR) Upgraded to Hold at Zacks Investment Research

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Saturday.

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. “

A number of other analysts have also recently commented on the company. FBR & Co restated a “buy” rating and issued a $13.00 price objective on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, September 19th. ValuEngine upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Compass Point cut Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Finally, B. Riley restated a “buy” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Wheeler Real Estate Investment Trust currently has an average rating of “Buy” and a consensus price target of $13.80.

Shares of Wheeler Real Estate Investment Trust (NASDAQ WHLR) traded down $1.31 during mid-day trading on Friday, reaching $7.16. The company had a trading volume of 459,968 shares, compared to its average volume of 102,208. 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 PE ratio of -3.53 and a beta of 1.19. Wheeler Real Estate Investment Trust has a 52 week low of $7.05 and a 52 week high of $14.64.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Wheeler Real Estate Investment Trust by 106.3% in 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 in the last quarter. Boston Partners purchased a new stake in shares of Wheeler Real Estate Investment Trust in the third quarter valued at approximately $2,475,000. Stilwell Value LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at approximately $7,227,000. Virtu KCG Holdings LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at approximately $103,000. Finally, Menta Capital LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at approximately $380,000. Institutional investors and hedge funds 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.

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

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