FBR & Co reaffirmed their outperform rating on shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in a report published on Tuesday morning, Marketbeat Ratings reports. FBR & Co currently has a $13.00 price target on the real estate investment trust’s stock.

WHLR has been the subject of several other reports. Wunderlich decreased their price objective on shares of Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a buy rating for the company in a research report on Wednesday, May 24th. TheStreet cut shares of Wheeler Real Estate Investment Trust from a c- rating to a d rating in a research report on Tuesday, May 23rd. ValuEngine cut shares of Wheeler Real Estate Investment Trust from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, JMP Securities cut shares of Wheeler Real Estate Investment Trust from an outperform rating to a market perform rating in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $16.00.

Wheeler Real Estate Investment Trust (WHLR) opened at 10.72 on Tuesday. Wheeler Real Estate Investment Trust has a 12 month low of $7.95 and a 12 month high of $15.60. The stock’s 50 day moving average is $9.62 and its 200-day moving average is $5.94. The company’s market capitalization is $92.36 million.

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The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, June 30th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 12.69%. The ex-dividend date was Wednesday, June 28th. Wheeler Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -90.32%.

In other news, Director Jeffrey M. Zwerdling acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was bought at an average cost of $9.95 per share, for a total transaction of $49,750.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon S. Wheeler acquired 4,300 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were purchased at an average price of $11.86 per share, with a total value of $50,998.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 12,421 shares of company stock valued at $130,652. 4.51% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D boosted its stake in Wheeler Real Estate Investment Trust by 38.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 345,000 shares of the real estate investment trust’s stock valued at $597,000 after buying an additional 95,000 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Wheeler Real Estate Investment Trust during the first quarter valued at $113,000. Boston Partners purchased a new stake in Wheeler Real Estate Investment Trust during the first quarter valued at $2,353,000. Geode Capital Management LLC boosted its stake in Wheeler Real Estate Investment Trust by 27.3% in the first quarter. Geode Capital Management LLC now owns 159,220 shares of the real estate investment trust’s stock valued at $275,450,000 after buying an additional 34,108 shares during the period. Finally, Royce & Associates LP purchased a new stake in Wheeler Real Estate Investment Trust during the first quarter valued at $117,000.

About Wheeler Real Estate Investment Trust

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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