Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was upgraded by TheStreet from a “d+” rating to a “c-” rating in a research note issued on Tuesday.

Other analysts have also recently issued research reports about the stock. Wunderlich began coverage on shares of Wheeler Real Estate Investment Trust in a research note on Friday, January 27th. They issued a “buy” rating and a $2.25 price target for the company. They noted that the move was a valuation call. JMP Securities raised shares of Wheeler Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a $2.50 price objective on the stock in a research report on Monday, January 9th. Four investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $2.31.

Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded up 0.59% during mid-day trading on Tuesday, hitting $1.70. 563,576 shares of the stock traded hands. The firm’s market capitalization is $115.54 million. The company’s 50 day moving average is $1.70 and its 200 day moving average is $1.70. Wheeler Real Estate Investment Trust has a one year low of $1.10 and a one year high of $1.95.

The business also recently disclosed a dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be given a $0.018 dividend. The ex-dividend date of this dividend is Friday, February 24th. This is a positive change from Wheeler Real Estate Investment Trust’s previous dividend of $0.02. Wheeler Real Estate Investment Trust’s dividend payout ratio is presently -110.53%.

“TheStreet Upgrades Wheeler Real Estate Investment Trust, Inc. (WHLR) to C-” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another domain, it was copied illegally and reposted in violation of US and international trademark & copyright laws. The correct version of this story can be read at http://www.dailypolitical.com/2017/02/17/thestreet-upgrades-wheeler-real-estate-investment-trust-inc-whlr-to-c.html.

In related news, CEO Jon S. Wheeler acquired 30,867 shares of the company’s stock in a transaction dated Tuesday, December 20th. The shares were bought at an average cost of $1.63 per share, with a total value of $50,313.21. Following the completion of the transaction, the chief executive officer now directly owns 729,566 shares of the company’s stock, valued at $1,189,192.58. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought 63,102 shares of company stock worth $101,892 over the last three months. Insiders own 4.51% 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 was formed for acquiring, financing, developing, leasing, owning and managing strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties.

5 Day Chart for NASDAQ:WHLR

Receive News & Ratings for Wheeler Real Estate Investment Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheeler Real Estate Investment Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.