Zacks Investment Research Upgrades Wheeler Real Estate Investment Trust (NASDAQ:WHLR) to Hold

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Saturday, January 13th.

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 equities research analysts also recently issued reports on the company. B. Riley set a $13.00 price target on Wheeler Real Estate Investment Trust and gave the stock a “buy” rating in a research report on Monday, January 8th. ValuEngine raised Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Compass Point downgraded Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Finally, FBR & Co reaffirmed a “buy” rating and issued a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, September 19th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $13.80.

Wheeler Real Estate Investment Trust (WHLR) opened at $5.23 on Friday. The firm has a market capitalization of $45.73, a P/E ratio of -2.58 and a beta of 0.84. The company has a debt-to-equity ratio of 7.05, a quick ratio of 3.37 and a current ratio of 3.37. Wheeler Real Estate Investment Trust has a 52 week low of $4.98 and a 52 week high of $14.64.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings results on Thursday, November 9th. The real estate investment trust reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ 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 expect that Wheeler Real Estate Investment Trust will post 1.39 EPS for the current year.

Several hedge funds have recently modified their holdings of the business. Virtu KCG Holdings LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter valued at $103,000. Dimensional Fund Advisors LP acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at $159,000. Kovack Advisors Inc. acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at $245,000. Menta Capital LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at $380,000. Finally, Boston Partners boosted its holdings in shares of Wheeler Real Estate Investment Trust by 43.6% during the 4th quarter. Boston Partners now owns 307,631 shares of the real estate investment trust’s stock valued at $3,070,000 after acquiring an additional 93,356 shares in the last quarter. 27.45% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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