ValuEngine upgraded shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) from a hold rating to a buy rating in a report issued on Monday.

Several other research analysts also recently commented on WHLR. FBR & Co reaffirmed an outperform rating and issued a $13.00 price objective on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, July 11th. 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 objective for the company in a report on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $15.20.

Shares of Wheeler Real Estate Investment Trust (WHLR) opened at 11.83 on Monday. The firm’s market capitalization is $102.60 million. Wheeler Real Estate Investment Trust has a 52-week low of $7.95 and a 52-week high of $14.64. The stock has a 50 day moving average of $10.91 and a 200-day moving average of $11.13.

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The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 29th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 11.50%. The ex-dividend date of this dividend is Thursday, September 28th. Wheeler Real Estate Investment Trust’s payout ratio is -74.32%.

In related news, CEO Jon S. Wheeler acquired 4,000 shares of the 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 transaction, the chief executive officer now owns 110,997 shares in the company, valued at approximately $1,114,409.88. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.27% of the company’s stock.

Several institutional investors have recently bought and sold shares of WHLR. Virtu KCG Holdings LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at $103,000. Royce & Associates LP purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 1st quarter valued at $117,000. Dimensional Fund Advisors LP purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at $159,000. Asset Management One Co. Ltd. raised its position in shares of Wheeler Real Estate Investment Trust by 9.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 136,250 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 11,380 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Wheeler Real Estate Investment Trust by 1,910.6% during the 1st 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 in the last quarter.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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