Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has been assigned a $13.00 target price by investment analysts at B. Riley in a research report issued on Wednesday. The firm currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price target suggests a potential upside of 96.08% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Wheeler Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a research report on Saturday. ValuEngine upgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Compass Point cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Finally, FBR & Co reiterated a “buy” rating and set a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, September 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Wheeler Real Estate Investment Trust currently has an average rating of “Buy” and an average target price of $13.80.

Wheeler Real Estate Investment Trust (NASDAQ WHLR) traded down $0.53 during trading hours on Wednesday, hitting $6.63. 784,300 shares of the stock were exchanged, compared to its average volume of 235,660. The company has a market cap of $63.70, a P/E ratio of -2.97 and a beta of 1.18. Wheeler Real Estate Investment Trust has a one year low of $6.00 and a one year high of $14.64. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 7.05.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its earnings results on Thursday, November 9th. The real estate investment trust reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.92). Wheeler Real Estate Investment Trust had a negative return on equity of 16.99% and a negative net margin of 13.61%. equities research analysts predict that Wheeler Real Estate Investment Trust will post 1.39 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of WHLR. Virtu KCG Holdings LLC acquired a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $103,000. Dimensional Fund Advisors LP acquired a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $159,000. Menta Capital LLC acquired a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $380,000. Boston Partners acquired a new stake in Wheeler Real Estate Investment Trust in the 3rd quarter valued at about $2,475,000. Finally, Stilwell Value LLC acquired a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $7,227,000. Hedge funds and other institutional investors own 28.09% 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.

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

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