Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) have been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $13.80.

A number of brokerages have recently commented on WHLR. B. Riley reaffirmed a “buy” rating and issued a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a report on Friday. ValuEngine raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, September 21st. FBR & Co reaffirmed a “buy” rating and issued a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, September 19th. Finally, Compass Point cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd.

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Wheeler Real Estate Investment Trust (NASDAQ:WHLR) remained flat at $$9.75 during midday trading on Monday. 84,100 shares of the company’s stock were exchanged, compared to its average volume of 76,753. The company has a debt-to-equity ratio of 7.05, a current ratio of 3.37 and a quick ratio of 3.37. Wheeler Real Estate Investment Trust has a one year low of $7.95 and a one year high of $14.64. The company has a market cap of $85.13, a price-to-earnings ratio of 7.33 and a beta of 1.14.

The company also recently declared a quarterly dividend, which was paid on Sunday, October 15th. Investors 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 yield of 13.95%. Wheeler Real Estate Investment Trust’s dividend payout ratio is currently -67.00%.

In related news, CEO Jon S. Wheeler bought 4,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was bought at an average cost of $10.04 per share, with a total value of $40,160.00. Following the completion of the acquisition, the chief executive officer now owns 110,997 shares in the company, valued at approximately $1,114,409.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.27% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Stilwell Value LLC purchased a new position in Wheeler Real Estate Investment Trust in the second quarter valued at about $7,227,000. Vanguard Group Inc. grew its position in shares of Wheeler Real Estate Investment Trust by 47.3% in 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 purchasing an additional 1,387,874 shares during the last quarter. Menta Capital LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at approximately $380,000. JPMorgan Chase & Co. grew its position in shares of Wheeler Real Estate Investment Trust by 1,910.6% in the first quarter. JPMorgan Chase & Co. now owns 144,764 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 137,564 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Wheeler Real Estate Investment Trust by 373.5% in 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 purchasing an additional 1,228,925 shares during the last quarter. 68.26% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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