Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) have been assigned an average recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.67.

WHLR has been the topic of several recent analyst reports. JMP Securities cut shares of Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 24th. Wunderlich cut their target price on shares of Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, May 24th. TheStreet cut shares of Wheeler Real Estate Investment Trust from a “c-” rating to a “d” rating in a report on Tuesday, May 23rd. ValuEngine cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, FBR & Co restated an “outperform” rating and issued a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, July 11th.

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Wheeler Real Estate Investment Trust (WHLR) traded down 1.50% during midday trading on Friday, hitting $10.53. 66,722 shares of the stock were exchanged. The company’s 50 day moving average is $10.46 and its 200-day moving average is $7.48. Wheeler Real Estate Investment Trust has a 1-year low of $1.50 and a 1-year high of $14.40. The stock’s market cap is $90.73 million.

The company also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, June 30th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 12.92%. The ex-dividend date was Wednesday, June 28th. Wheeler Real Estate Investment Trust’s dividend payout ratio is -90.32%.

In other news, Director Jeffrey M. Zwerdling bought 5,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average price of $9.95 per share, for a total transaction of $49,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 8,121 shares of company stock worth $79,654 in the last 90 days. Company insiders own 5.27% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D boosted its stake in Wheeler Real Estate Investment Trust by 38.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 345,000 shares of the real estate investment trust’s stock valued at $597,000 after buying an additional 95,000 shares during the period. Hillsdale Investment Management Inc. bought a new stake in Wheeler Real Estate Investment Trust during the first quarter valued at $113,000. Boston Partners bought a new stake in Wheeler Real Estate Investment Trust during the first quarter valued at $2,353,000. Geode Capital Management LLC boosted its stake in Wheeler Real Estate Investment Trust by 27.3% in the first quarter. Geode Capital Management LLC now owns 159,220 shares of the real estate investment trust’s stock valued at $275,450,000 after buying an additional 34,108 shares during the period. Finally, Royce & Associates LP bought a new stake in Wheeler Real Estate Investment Trust during the first quarter valued at $117,000.

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.

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