Wheeler Real Estate IT (WHLR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Wheeler Real Estate IT (NASDAQ:WHLR) have earned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $11.67.

Several equities research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $13.00 price target on shares of Wheeler Real Estate IT in a research report on Wednesday, January 17th. ValuEngine downgraded Wheeler Real Estate IT from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised Wheeler Real Estate IT from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 13th.

How to Become a New Pot Stock Millionaire

In related news, CEO David Kelly bought 15,000 shares of Wheeler Real Estate IT stock in a transaction that occurred on Tuesday, March 20th. The stock was acquired at an average price of $3.44 per share, for a total transaction of $51,600.00. Following the completion of the purchase, the chief executive officer now owns 26,679 shares in the company, valued at $91,775.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.27% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LDR Capital Management LLC bought a new stake in shares of Wheeler Real Estate IT in the fourth quarter valued at about $4,614,000. Boston Partners lifted its stake in shares of Wheeler Real Estate IT by 43.6% in the fourth quarter. Boston Partners now owns 307,631 shares of the real estate investment trust’s stock valued at $3,070,000 after buying an additional 93,356 shares during the period. Snow Park Capital Partners LP bought a new stake in shares of Wheeler Real Estate IT in the fourth quarter valued at about $451,000. Kovack Advisors Inc. bought a new stake in shares of Wheeler Real Estate IT in the fourth quarter valued at about $245,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Wheeler Real Estate IT by 106.3% in the third quarter. Dimensional Fund Advisors LP now owns 32,040 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 16,508 shares during the period. Institutional investors and hedge funds own 29.56% of the company’s stock.

Shares of NASDAQ:WHLR traded up $0.16 during midday trading on Thursday, hitting $3.93. The company’s stock had a trading volume of 123,544 shares, compared to its average volume of 214,065. The company has a market cap of $33.55, a P/E ratio of 2.88 and a beta of 1.17. Wheeler Real Estate IT has a fifty-two week low of $3.25 and a fifty-two week high of $13.98. The company has a debt-to-equity ratio of 10.54, a quick ratio of 2.32 and a current ratio of 2.32.

Wheeler Real Estate IT (NASDAQ:WHLR) last issued its quarterly earnings results on Tuesday, March 6th. The real estate investment trust reported ($1.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($1.56). The business had revenue of $14.30 million during the quarter, compared to analyst estimates of $14.42 million. Wheeler Real Estate IT had a negative net margin of 20.66% and a negative return on equity of 29.96%.

ILLEGAL ACTIVITY NOTICE: “Wheeler Real Estate IT (WHLR) Receives Average Recommendation of “Hold” from Brokerages” was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.chaffeybreeze.com/2018/04/15/brokerages-set-wheeler-real-estate-it-whlr-price-target-at-11-67.html.

Wheeler Real Estate IT Company Profile

Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc is a fully-integrated, self-managed commercial real estate investment company focused on acquiring and managing income-producing retail properties with a primary focus on grocery-anchored centers. Wheeler's portfolio contains well-located, potentially dominant retail properties in secondary and tertiary markets that generate attractive, risk-adjusted returns, with a particular emphasis on grocery-anchored retail centers.

Analyst Recommendations for Wheeler Real Estate IT (NASDAQ:WHLR)

Receive News & Ratings for Wheeler Real Estate IT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheeler Real Estate IT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply