Wheeler Real Estate Investment Trust (WHLR) Given a $13.00 Price Target by B. Riley Analysts

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has been assigned a $13.00 price target by stock analysts at B. Riley in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price points to a potential upside of 56.25% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. ValuEngine raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Compass Point downgraded shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, September 21st. Finally, FBR & Co reissued a “buy” rating and issued a $13.00 price objective on shares of Wheeler Real Estate Investment Trust in a 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 currently has an average rating of “Buy” and a consensus target price of $14.83.

Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded down $0.34 during midday trading on Monday, hitting $8.32. 158,412 shares of the stock were exchanged, compared to its average volume of 113,482. The company has a debt-to-equity ratio of 7.05, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a market cap of $72.64, a P/E ratio of -3.73 and a beta of 1.18. Wheeler Real Estate Investment Trust has a 12-month low of $7.95 and a 12-month high of $14.64.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stilwell Value LLC bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $7,227,000. Boston Partners bought a new stake in Wheeler Real Estate Investment Trust during the 3rd quarter worth approximately $2,475,000. Menta Capital LLC bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $380,000. Dimensional Fund Advisors LP bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $159,000. Finally, Virtu KCG Holdings LLC bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $103,000. Institutional investors own 28.09% of the company’s stock.

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About Wheeler Real Estate Investment Trust

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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