Bank of New York Mellon Corp trimmed its position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 43.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,578 shares of the real estate investment trust’s stock after selling 17,199 shares during the quarter. Bank of New York Mellon Corp owned about 0.26% of Wheeler Real Estate Investment Trust worth $231,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WHLR. JPMorgan Chase & Co. lifted its position in shares of Wheeler Real Estate Investment Trust by 1,910.6% during the first quarter. JPMorgan Chase & Co. now owns 144,764 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 137,564 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Wheeler Real Estate Investment Trust by 47.3% during the first quarter. Vanguard Group Inc. now owns 4,324,217 shares of the real estate investment trust’s stock valued at $7,481,000 after buying an additional 1,387,874 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Wheeler Real Estate Investment Trust by 373.5% during the first quarter. Renaissance Technologies LLC now owns 1,557,925 shares of the real estate investment trust’s stock valued at $2,695,000 after buying an additional 1,228,925 shares during the last quarter. Finally, Stilwell Value LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter valued at about $7,227,000.

Several research firms have commented on WHLR. Compass Point lowered shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research report on Friday. FBR & Co reissued a “buy” rating and set a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, September 19th. ValuEngine lowered shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $15.20.

In related news, CEO Jon S. Wheeler acquired 4,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of $10.04 per share, for a total transaction of $40,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 110,997 shares in the company, valued at approximately $1,114,409.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.27% of the company’s stock.

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Wheeler Real Estate Investment Trust, Inc. (WHLR) opened at $8.48 on Friday. The company has a debt-to-equity ratio of 5.94, a quick ratio of 3.48 and a current ratio of 3.48. The firm has a market cap of $73.55, a PE ratio of 7.13 and a beta of 1.14.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 29th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.36 annualized dividend and a dividend yield of 16.04%. Wheeler Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -74.32%.

Wheeler Real Estate Investment Trust 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.

Institutional Ownership by Quarter for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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