Wheeler Real Estate Investment Trust (WHLR) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) from a sell rating to a hold rating in a research note released on Monday morning.

NASDAQ:WHLR traded down $0.03 on Monday, reaching $3.72. 16,187 shares of the company’s stock were exchanged, compared to its average volume of 28,129. The company has a debt-to-equity ratio of 17.23, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a market capitalization of $30.50 million, a PE ratio of 2.95 and a beta of 1.31. Wheeler Real Estate Investment Trust has a 52-week low of $3.15 and a 52-week high of $11.87.

An institutional investor recently raised its position in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC increased its stake in shares of Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 882,099 shares of the real estate investment trust’s stock after purchasing an additional 32,116 shares during the quarter. Wheeler Real Estate Investment Trust accounts for approximately 3.2% of Stilwell Value LLC’s holdings, making the stock its 11th biggest position. Stilwell Value LLC owned approximately 9.40% of Wheeler Real Estate Investment Trust worth $3,775,000 at the end of the most recent reporting period. Institutional investors own 22.07% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc is a fully-integrated, self-managed commercial real estate investment company focused on owning and operating 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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