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.
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.
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%.
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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.
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