Wheeler Real Estate Investment Trust (WHLR) Given New $9.00 Price Target at B. Riley

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) had its target price lowered by B. Riley from $13.00 to $9.00 in a research note issued to investors on Tuesday morning. B. Riley currently has a buy rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on WHLR. Compass Point cut shares of Wheeler Real Estate Investment Trust from a buy rating to a neutral rating in a research note on Friday, November 3rd. ValuEngine upgraded shares of Wheeler Real Estate Investment Trust from a hold rating to a buy rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of Wheeler Real Estate Investment Trust from a strong sell rating to a hold rating in a research note on Saturday, January 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $13.00.

Shares of Wheeler Real Estate Investment Trust (NASDAQ WHLR) opened at $5.07 on Tuesday. The firm has a market cap of $43.92, a price-to-earnings ratio of -2.27 and a beta of 0.83. 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 $4.75 and a 52 week high of $14.64.

A number of large investors have recently modified their holdings of the stock. Virtu KCG Holdings LLC acquired a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth $103,000. LPL Financial LLC acquired a new stake in Wheeler Real Estate Investment Trust during the 4th quarter worth $103,000. Renaissance Technologies LLC acquired a new stake in Wheeler Real Estate Investment Trust during the 4th quarter worth $145,000. Dimensional Fund Advisors LP acquired a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth $159,000. Finally, Kovack Advisors Inc. acquired a new stake in Wheeler Real Estate Investment Trust during the 4th quarter worth $245,000. Hedge funds and other institutional investors own 27.83% 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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