Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) – Equities research analysts at B. Riley reduced their Q4 2017 earnings per share estimates for shares of Wheeler Real Estate Investment Trust in a research report issued on Friday. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will earn $0.37 per share for the quarter, down from their previous estimate of $0.40. B. Riley currently has a “Buy” rating and a $13.00 target price on the stock. B. Riley also issued estimates for Wheeler Real Estate Investment Trust’s Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.51 EPS.

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WHLR has been the topic of a number of other research reports. Compass Point cut Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. FBR & Co reiterated a “buy” rating and set a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, September 19th. ValuEngine upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.83.

Shares of Wheeler Real Estate Investment Trust (WHLR) opened at $10.02 on Monday. The company has a market capitalization of $85.13, a price-to-earnings ratio of 7.33 and a beta of 1.14. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 7.05. Wheeler Real Estate Investment Trust has a fifty-two week low of $7.95 and a fifty-two week high of $14.64.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stilwell Value LLC purchased a new position in Wheeler Real Estate Investment Trust in the second quarter valued at about $7,227,000. Vanguard Group Inc. raised its position 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 valued at $7,481,000 after purchasing an additional 1,387,874 shares during the period. Menta Capital LLC purchased a new position in Wheeler Real Estate Investment Trust in the second quarter valued at about $380,000. JPMorgan Chase & Co. raised its position in Wheeler Real Estate Investment Trust by 1,910.6% in the first quarter. JPMorgan Chase & Co. now owns 144,764 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 137,564 shares during the period. Finally, Renaissance Technologies LLC raised its position 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 valued at $2,695,000 after purchasing an additional 1,228,925 shares during the period. 68.26% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Jon S. Wheeler bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $10.04 per share, with a total value of $40,160.00. Following the transaction, the chief executive officer now owns 110,997 shares of the company’s stock, valued at approximately $1,114,409.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.27% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 29th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.57%. The ex-dividend date was Thursday, September 28th. Wheeler Real Estate Investment Trust’s dividend payout ratio is presently -67.00%.

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.

Earnings History and Estimates for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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