Q4 2017 Earnings Forecast for Wheeler Real Estate Investment Trust, Inc. (WHLR) Issued By B. Riley

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) – Stock analysts at B. Riley dropped their Q4 2017 earnings estimates for shares of Wheeler Real Estate Investment Trust in a research note issued on Friday. B. Riley analyst C. Kucera now expects that the real estate investment trust will post earnings of $0.37 per share for the quarter, down from their prior forecast of $0.40. B. Riley has a “Buy” rating and a $13.00 price objective on the stock. B. Riley also issued estimates for Wheeler Real Estate Investment Trust’s Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.51 EPS.

A number of other brokerages also recently issued reports on WHLR. FBR & Co reiterated a “buy” rating and issued a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, September 19th. 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. ValuEngine cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a 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 objective on the stock in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $14.83.

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Wheeler Real Estate Investment Trust (NASDAQ WHLR) opened at $9.75 on Monday. Wheeler Real Estate Investment Trust has a 12 month low of $7.95 and a 12 month high of $14.64. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 5.94. The stock has a market cap of $85.13, a P/E ratio of 7.33 and a beta of 1.14.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Friday, September 29th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.36 dividend on an annualized basis and a yield of 13.95%. Wheeler Real Estate Investment Trust’s dividend payout ratio (DPR) is -67.00%.

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

A number of large investors have recently bought and sold shares of the stock. Virtu KCG Holdings LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth $103,000. Dimensional Fund Advisors LP purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth $159,000. Menta Capital LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth $380,000. JPMorgan Chase & Co. boosted 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 worth $250,000 after purchasing an additional 137,564 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 3rd quarter worth $2,475,000.

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.

Earnings History and Estimates for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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