Wheeler Real Estate Investment Trust (WHLR) Upgraded to Hold by Zacks Investment Research

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 morning.

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 brokerages have also recently commented on WHLR. FBR & Co reaffirmed 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. ValuEngine raised Wheeler Real Estate Investment Trust from a hold rating to a buy rating in a research note on Friday, December 1st. Compass Point cut Wheeler Real Estate Investment Trust from a buy rating to a neutral rating in a research note on Friday, November 3rd. Finally, B. Riley reaffirmed a buy rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $13.80.

Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded down $1.31 during trading hours on Friday, reaching $7.16. The company’s stock had a trading volume of 459,968 shares, compared to its average volume of 102,208. The company has a market cap of $62.61, a PE ratio of 5.38 and a beta of 1.19. Wheeler Real Estate Investment Trust has a 12-month low of $7.05 and a 12-month high of $14.64. The company has a debt-to-equity ratio of 7.05, a current ratio of 3.37 and a quick ratio of 3.37.

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

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

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