TheStreet Upgrades Wheeler Real Estate Investment Trust, Inc. (WHLR) to C-
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%.
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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.
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