Zacks Investment Research upgraded shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) from a strong sell rating to a hold rating in a research report released on Saturday.

According to Zacks, “Wheeler Real Estate Investment Trust, Inc. is engaged in acquiring, financing, developing, leasing, owning and managing income producing assets, such as strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. It operates in the mid-Atlantic, southeastern and southwestern United States. Wheeler Real Estate Investment Trust, Inc. is headquartered in Virginia Beach, Virginia. “

A number of other analysts have also weighed in on the stock. B. Riley set a $13.00 price objective on shares of Wheeler Real Estate Investment Trust and gave the company a buy rating in a research note on Monday, January 8th. ValuEngine upgraded shares of Wheeler Real Estate Investment Trust from a hold rating to a buy rating in a research note on Friday, December 1st. Compass Point downgraded shares of Wheeler Real Estate Investment Trust from a buy rating to a neutral rating in a report on Friday, November 3rd. Finally, FBR & Co reaffirmed a buy rating and set a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $13.80.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded down $0.53 during trading hours on Friday, reaching $6.63. 784,300 shares of the company’s stock were exchanged, compared to its average volume of 235,660. The company has a market cap of $62.61, a price-to-earnings ratio of -3.27 and a beta of 1.19. The company has a debt-to-equity ratio of 7.05, a quick ratio of 3.37 and a current ratio of 3.37. Wheeler Real Estate Investment Trust has a 1-year low of $6.00 and a 1-year high of $14.64.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.92). Wheeler Real Estate Investment Trust had a negative net margin of 13.61% and a negative return on equity of 16.99%. sell-side analysts anticipate that Wheeler Real Estate Investment Trust will post 1.39 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu KCG Holdings LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $103,000. Dimensional Fund Advisors LP purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $159,000. Menta Capital LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $380,000. Boston Partners purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 3rd quarter valued at about $2,475,000. Finally, Stilwell Value LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $7,227,000. 28.09% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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