Wheeler Real Estate Investment Trust (WHLR) Stock Rating Reaffirmed by B. Riley

Wheeler Real Estate Investment Trust (NASDAQ:WHLR)‘s stock had its “buy” rating reiterated by B. Riley in a research note issued on Wednesday. They presently have a $13.00 price objective on the real estate investment trust’s stock. B. Riley’s price objective indicates a potential upside of 72.19% from the stock’s current price.

WHLR has been the topic of several other research reports. 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. FBR & Co reissued 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. ValuEngine raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Wheeler Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.80.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded up $0.02 during trading on Wednesday, reaching $7.55. 270,000 shares of the company traded hands, compared to its average volume of 262,683. Wheeler Real Estate Investment Trust has a twelve month low of $6.00 and a twelve month high of $14.64. The company has a market cap of $64.96, a price-to-earnings ratio of -3.39 and a beta of 1.18. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 7.05.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.92). Wheeler Real Estate Investment Trust had a negative return on equity of 16.99% and a negative net margin of 13.61%. research analysts anticipate that Wheeler Real Estate Investment Trust will post 1.39 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in WHLR. Menta Capital LLC acquired a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $380,000. Virtu KCG Holdings LLC acquired a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $103,000. Dimensional Fund Advisors LP acquired a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $159,000. Stilwell Value LLC acquired a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $7,227,000. Finally, Boston Partners acquired a new stake in Wheeler Real Estate Investment Trust during the 3rd quarter worth approximately $2,475,000. Hedge funds and other institutional investors own 28.09% 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.

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

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