Wheeler Real Estate Investment Trust Inc (WHLR) Increases Dividend to $0.42 Per Share

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) declared a quarterly dividend on Monday, April 10th, NASDAQ reports. Investors of record on Friday, December 29th will be given a dividend of 0.42 per share by the real estate investment trust on Monday, January 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.76%. The ex-dividend date is Wednesday, December 27th. This is an increase from Wheeler Real Estate Investment Trust’s previous quarterly dividend of $0.34.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded up $0.02 during midday trading on Friday, hitting $10.66. 55,700 shares of the company were exchanged, compared to its average volume of 74,621. Wheeler Real Estate Investment Trust has a fifty-two week low of $7.95 and a fifty-two week high of $14.64. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $92.90, a price-to-earnings ratio of 8.00 and a beta of 1.18.

WHLR has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. B. Riley restated a “buy” rating and issued a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research report on Friday, November 10th. Compass Point lowered shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, September 21st. Finally, FBR & Co restated a “buy” rating and issued a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $14.83.

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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.

Dividend History for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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