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

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has been assigned a $13.00 price target by B. Riley in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price would suggest a potential upside of 89.78% from the stock’s previous close.

Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Wheeler Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, Compass Point downgraded shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $13.80.

Wheeler Real Estate Investment Trust (WHLR) traded down $0.10 during midday trading on Tuesday, hitting $6.85. 192,175 shares of the company were exchanged, compared to its average volume of 225,526. The company has a debt-to-equity ratio of 7.05, a current ratio of 3.37 and a quick ratio of 3.37. 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 $63.05, a P/E ratio of -3.36 and a beta of 1.19.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its earnings results on Thursday, November 9th. The real estate investment trust reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates 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%. analysts forecast that Wheeler Real Estate Investment Trust will post 1.39 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC purchased a new position in Wheeler Real Estate Investment Trust during the second quarter valued at approximately $103,000. Dimensional Fund Advisors LP purchased a new position in Wheeler Real Estate Investment Trust during the second quarter valued at approximately $159,000. Menta Capital LLC purchased a new position in Wheeler Real Estate Investment Trust during the second quarter valued at approximately $380,000. Boston Partners purchased a new position in Wheeler Real Estate Investment Trust during the third quarter valued at approximately $2,475,000. Finally, Stilwell Value LLC purchased a new position in Wheeler Real Estate Investment Trust during the second quarter valued at approximately $7,227,000. 27.45% 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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