Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) – Research analysts at FBR & Co lifted their Q3 2017 earnings estimates for shares of Wheeler Real Estate Investment Trust in a research report issued on Tuesday. FBR & Co analyst C. Kucera now anticipates that the real estate investment trust will post earnings of $0.40 per share for the quarter, up from their previous estimate of $0.38. FBR & Co currently has a “Buy” rating and a $13.00 target price on the stock. FBR & Co also issued estimates for Wheeler Real Estate Investment Trust’s Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $1.50 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.44 EPS and FY2018 earnings at $1.61 EPS.

WHLR has been the topic of several other reports. ValuEngine downgraded Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Wunderlich dropped their target price on 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. Finally, JMP Securities downgraded Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $16.00.

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Wheeler Real Estate Investment Trust (NASDAQ WHLR) opened at 10.87 on Wednesday. The company has a 50 day moving average price of $10.54 and a 200-day moving average price of $11.28. The company’s market capitalization is $94.28 million. Wheeler Real Estate Investment Trust has a one year low of $7.95 and a one year high of $14.64.

Institutional investors have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC bought a new stake in Wheeler Real Estate Investment Trust in the second quarter worth $103,000. Royce & Associates LP bought a new stake in Wheeler Real Estate Investment Trust in the first quarter worth $117,000. Dimensional Fund Advisors LP bought a new stake in Wheeler Real Estate Investment Trust in the second quarter worth $159,000. Asset Management One Co. Ltd. boosted its holdings in Wheeler Real Estate Investment Trust by 9.1% in the first quarter. Asset Management One Co. Ltd. now owns 136,250 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 11,380 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Wheeler Real Estate Investment Trust by 1,910.6% in the first quarter. JPMorgan Chase & Co. now owns 144,764 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 137,564 shares in the last quarter.

In related news, CEO Jon S. Wheeler bought 4,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $1,114,409.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.27% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 29th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 12.51%. The ex-dividend date of this dividend is Thursday, September 28th. Wheeler Real Estate Investment Trust’s dividend payout ratio (DPR) is -91.80%.

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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