Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) has been assigned an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.67.

WHLR has been the subject of several analyst reports. JMP Securities cut shares of Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 24th. Wunderlich lowered their price objective on shares of Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, May 24th. TheStreet cut shares of Wheeler Real Estate Investment Trust from a “c-” rating to a “d” rating in a research report on Tuesday, May 23rd. ValuEngine cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, FBR & Co reiterated an “outperform” rating and set a $13.00 price objective on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, July 11th.

In other Wheeler Real Estate Investment Trust news, Director Jeffrey M. Zwerdling bought 5,000 shares of Wheeler Real Estate Investment Trust stock in a transaction on Thursday, May 18th. The shares were purchased at an average cost of $9.95 per share, with a total value of $49,750.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 8,121 shares of company stock worth $79,654 over the last three months. Insiders own 5.27% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Stilwell Value LLC acquired a new stake in Wheeler Real Estate Investment Trust during the second quarter worth $7,227,000. Renaissance Technologies LLC raised its stake in Wheeler Real Estate Investment Trust by 373.5% in the first quarter. Renaissance Technologies LLC now owns 1,557,925 shares of the real estate investment trust’s stock worth $2,695,000 after buying an additional 1,228,925 shares during the last quarter. Geode Capital Management LLC raised its stake in Wheeler Real Estate Investment Trust by 27.3% in the first quarter. Geode Capital Management LLC now owns 159,220 shares of the real estate investment trust’s stock worth $275,450,000 after buying an additional 34,108 shares during the last quarter. Vanguard Group Inc. raised its stake in Wheeler Real Estate Investment Trust by 47.3% in the first quarter. Vanguard Group Inc. now owns 4,324,217 shares of the real estate investment trust’s stock worth $7,481,000 after buying an additional 1,387,874 shares during the last quarter. Finally, Royce & Associates LP purchased a new stake in Wheeler Real Estate Investment Trust during the first quarter worth approximately $117,000.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded down 1.50% during mid-day trading on Friday, hitting $10.53. 66,722 shares of the stock traded hands. The company has a 50 day moving average price of $10.46 and a 200-day moving average price of $7.48. Wheeler Real Estate Investment Trust has a one year low of $1.50 and a one year high of $14.40. The stock’s market capitalization is $90.73 million.

The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Friday, June 30th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 12.92%. The ex-dividend date of this dividend was Wednesday, June 28th. Wheeler Real Estate Investment Trust’s payout ratio is -90.32%.

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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.

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