Wheeler Real Estate Investment Trust, Inc. (WHLR) Earns “Buy” Rating from B. Riley

B. Riley reiterated their buy rating on shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in a research note released on Friday. B. Riley currently has a $13.00 target price on the real estate investment trust’s stock. B. Riley also issued estimates for Wheeler Real Estate Investment Trust’s Q4 2017 earnings at $0.37 EPS, 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.

Several other equities analysts also recently issued reports on WHLR. FBR & Co reissued 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. ValuEngine downgraded shares of Wheeler Real Estate Investment Trust from a buy rating to a hold rating in a research note on Friday, September 1st. Compass Point downgraded shares of Wheeler Real Estate Investment Trust from a buy rating to a neutral rating in a research note on Friday, November 3rd. 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 target price for the company in a research note on Thursday, September 21st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $14.83.

Shares of Wheeler Real Estate Investment Trust (WHLR) remained flat at $$9.75 during mid-day trading on Friday. 84,100 shares of the stock were exchanged, compared to its average volume of 76,753. Wheeler Real Estate Investment Trust has a 1 year low of $7.95 and a 1 year high of $14.64. The stock has a market capitalization of $85.13, a P/E ratio of 7.33 and a beta of 1.14. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 7.05.

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The business also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 29th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.95%. The ex-dividend date of this dividend was Thursday, September 28th. Wheeler Real Estate Investment Trust’s dividend payout ratio is presently -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 purchase, 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 5.27% of the company’s stock.

Several large investors have recently modified their holdings of the company. Virtu KCG Holdings LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $103,000. Dimensional Fund Advisors LP acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $159,000. Menta Capital LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $380,000. JPMorgan Chase & Co. grew 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 buying an additional 137,564 shares during the period. Finally, Boston Partners acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 3rd quarter worth approximately $2,475,000. Institutional investors own 68.26% of the company’s stock.

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.

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

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