Media headlines about Wheeler Real Estate Investment Trust (NASDAQ:WHLR) have trended positive on Friday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wheeler Real Estate Investment Trust earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.3696084936961 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
WHLR has been the subject of a number of recent research reports. ValuEngine cut shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. B. Riley set a $9.00 price objective on shares of Wheeler Real Estate Investment Trust and gave the stock a “buy” rating in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.33.
Shares of Wheeler Real Estate Investment Trust traded down $0.02, reaching $3.83, on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 39,096 shares, compared to its average volume of 70,291. Wheeler Real Estate Investment Trust has a 52-week low of $3.25 and a 52-week high of $12.30. The stock has a market capitalization of $35.14 million, a P/E ratio of 2.92 and a beta of 1.18. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 14.57.
Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings data on Tuesday, March 6th. The real estate investment trust reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($1.56). Wheeler Real Estate Investment Trust had a negative return on equity of 34.16% and a negative net margin of 21.15%. The business had revenue of $14.30 million during the quarter, compared to analysts’ expectations of $14.42 million.
In other news, CEO David Kelly purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The stock was purchased at an average cost of $3.44 per share, with a total value of $51,600.00. Following the purchase, the chief executive officer now owns 26,679 shares in the company, valued at $91,775.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.27% of the stock is currently owned by insiders.
About Wheeler Real Estate Investment Trust
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc is a fully-integrated, self-managed commercial real estate investment company focused on acquiring and managing income-producing retail properties with a primary focus on grocery-anchored centers. Wheeler's portfolio contains well-located, potentially dominant retail properties in secondary and tertiary markets that generate attractive, risk-adjusted returns, with a particular emphasis on grocery-anchored retail centers.
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