Wheeler Real Estate Investment Trust (WHLR) Reaches New 12-Month Low at $7.82

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $7.82 and last traded at $8.05, with a volume of 101800 shares. The stock had previously closed at $8.32.

WHLR has been the topic of a number of analyst reports. B. Riley reiterated a “buy” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, November 1st. ValuEngine upgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. 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 objective on the stock in a research note on Thursday, September 21st. FBR & Co reiterated a “buy” rating and set a $13.00 price objective on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, September 19th. Finally, Compass Point downgraded shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Wheeler Real Estate Investment Trust currently has an average rating of “Buy” and an average target price of $13.80.

The firm has a market capitalization of $70.46, a P/E ratio of -3.61 and a beta of 1.18. The company has a debt-to-equity ratio of 7.05, a current ratio of 3.37 and a quick ratio of 3.37.

Several institutional investors and hedge funds have recently bought and sold shares of WHLR. Virtu KCG Holdings LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter valued at approximately $103,000. Dimensional Fund Advisors LP acquired a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter valued at approximately $159,000. Menta Capital LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter valued at approximately $380,000. Boston Partners acquired a new stake in shares of Wheeler Real Estate Investment Trust in the 3rd quarter valued at approximately $2,475,000. Finally, Stilwell Value LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter valued at approximately $7,227,000. 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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