ValuEngine upgraded shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) from a strong sell rating to a sell rating in a research report report published on Friday morning.

Shares of NASDAQ WHLR opened at $4.94 on Friday. The company has a market capitalization of $47.38 million, a PE ratio of 4.04 and a beta of 1.36. Wheeler Real Estate Investment Trust has a 52-week low of $3.25 and a 52-week high of $12.30. The company has a debt-to-equity ratio of 14.57, a quick ratio of 2.60 and a current ratio of 2.60.

Several hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC bought a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth approximately $103,000. Bank of New York Mellon Corp lifted its stake in shares of Wheeler Real Estate Investment Trust by 93.5% in the second quarter. Bank of New York Mellon Corp now owns 28,673 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 13,853 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth approximately $145,000. Finally, Boston Partners lifted its stake in shares of Wheeler Real Estate Investment Trust by 43.8% in the first quarter. Boston Partners now owns 442,383 shares of the real estate investment trust’s stock worth $1,584,000 after buying an additional 134,752 shares in the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.

About Wheeler Real Estate Investment Trust

Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc is a fully-integrated, self-managed commercial real estate investment company focused on acquiring and managing income-producing retail properties with a primary focus on grocery-anchored centers. Wheeler's portfolio contains well-located, potentially dominant retail properties in secondary and tertiary markets that generate attractive, risk-adjusted returns, with a particular emphasis on grocery-anchored retail centers.

Further Reading: Closed-End Mutual Funds (CEFs)

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