Wheeler Real Estate Investment Trust (WHLR) Earns Daily Coverage Optimism Rating of 0.22
News articles about Wheeler Real Estate Investment Trust (NASDAQ:WHLR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wheeler Real Estate Investment Trust earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.1355795672565 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- A Weak REIT Trading At Similar Valuations To Realty Income – Seeking Alpha (seekingalpha.com)
- Wheeler Real Estate Investment Trust, Inc. (WHLR) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Jon S. Wheeler Purchases 4,000 Shares of Wheeler Real Estate Investment Trust, Inc. (WHLR) Stock (americanbankingnews.com)
- Wheeler Real Estate Investment Trust (WHLR) and Washington Prime Group (WPG) Head to Head Analysis (americanbankingnews.com)
- Saul Centers (BFS) versus Wheeler Real Estate Investment Trust (WHLR) Financial Comparison (americanbankingnews.com)
Several research firms recently commented on WHLR. ValuEngine upgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. FBR & Co reiterated an “outperform” rating and issued a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, July 11th. TheStreet downgraded shares of Wheeler Real Estate Investment Trust from a “c-” rating to a “d” rating in a research report on Tuesday, May 23rd. Wunderlich reduced their price target on shares of Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, May 24th. Finally, JMP Securities downgraded shares of Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.00.
Wheeler Real Estate Investment Trust (NASDAQ WHLR) traded up 1.72% during mid-day trading on Friday, reaching $10.66. 19,089 shares of the company traded hands. The stock’s market capitalization is $92.45 million. The firm’s 50-day moving average is $10.45 and its 200 day moving average is $11.56. Wheeler Real Estate Investment Trust has a 52-week low of $7.95 and a 52-week high of $15.28.
In other news, CEO Jon S. Wheeler purchased 4,000 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $10.04 per share, with a total value of $40,160.00. Following the completion of the acquisition, the chief executive officer now owns 110,997 shares in the company, valued at approximately $1,114,409.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.27% of the company’s stock.
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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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