Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) – Equities research analysts at B. Riley cut their Q4 2017 earnings estimates for shares of Wheeler Real Estate Investment Trust in a research report issued to clients and investors on Friday. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.40. B. Riley has a “Buy” rating and a $13.00 price objective on the stock. B. Riley also issued estimates for Wheeler Real Estate Investment Trust’s 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.

A number of other equities research analysts also recently commented on the company. Compass Point downgraded Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. ValuEngine upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, September 21st. Finally, FBR & Co reiterated a “buy” rating and set a $13.00 price objective on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, September 19th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $14.83.

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Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) opened at $9.79 on Monday. Wheeler Real Estate Investment Trust has a 52-week low of $7.95 and a 52-week high of $14.64. The company has a market capitalization of $87.48, a price-to-earnings ratio of 7.53 and a beta of 1.14. The company has a debt-to-equity ratio of 7.05, a quick ratio of 3.37 and a current ratio of 3.37.

In other Wheeler Real Estate Investment Trust news, CEO Jon S. Wheeler bought 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, for a total transaction of $40,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 110,997 shares of the company’s stock, valued at $1,114,409.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.27% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at $103,000. Dimensional Fund Advisors LP purchased a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at $159,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 valued at $250,000 after purchasing an additional 137,564 shares in the last quarter. Menta Capital LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at $380,000. Finally, Boston Partners purchased a new stake in shares of Wheeler Real Estate Investment Trust in the third quarter valued at $2,475,000. Institutional investors own 68.26% of the company’s stock.

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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