ValuEngine upgraded shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) from a hold rating to a buy rating in a research note published on Monday, October 2nd.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of 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. FBR & Co restated a buy rating and issued a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, September 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Wheeler Real Estate Investment Trust presently has an average rating of Buy and a consensus price target of $15.20.

Wheeler Real Estate Investment Trust (WHLR) traded up 0.42% on Monday, reaching $12.03. 45,196 shares of the company’s stock were exchanged. The firm’s market cap is $104.34 million. The firm’s 50-day moving average is $11.25 and its 200-day moving average is $11.06. Wheeler Real Estate Investment Trust has a 12 month low of $7.95 and a 12 month high of $14.64.

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The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 29th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 11.35%. The ex-dividend date is Thursday, September 28th. Wheeler Real Estate Investment Trust’s dividend payout ratio is currently -74.32%.

In other news, CEO Jon S. Wheeler acquired 4,000 shares of the stock in a transaction on Friday, August 25th. The stock was acquired at an average price of $10.04 per share, with a total value of $40,160.00. Following the completion of the transaction, the chief executive officer now owns 110,997 shares of the company’s stock, valued at approximately $1,114,409.88. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.27% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of WHLR. Virtu KCG Holdings LLC purchased a new position in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth about $103,000. Royce & Associates LP purchased a new position in shares of Wheeler Real Estate Investment Trust in the 1st quarter worth about $117,000. Dimensional Fund Advisors LP purchased a new position in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth about $159,000. Asset Management One Co. Ltd. raised its position in shares of Wheeler Real Estate Investment Trust by 9.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 136,250 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 11,380 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Wheeler Real Estate Investment Trust by 1,910.6% in the 1st quarter. JPMorgan Chase & Co. now owns 144,764 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 137,564 shares during the last quarter.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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