Wheeler Real Estate Investment Trust (WHLR) Earning Positive Press Coverage, Report Shows

Media stories about Wheeler Real Estate Investment Trust (NASDAQ:WHLR) have trended positive recently, Alpha One reports. The research firm, a subsidiary of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wheeler Real Estate Investment Trust earned a coverage optimism score of 0.35 on Alpha One’s scale. Alpha One also gave news stories about the real estate investment trust an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have effected Alpha One’s analysis:

WHLR has been the topic of a number of research analyst reports. Maxim Group reaffirmed a “buy” rating and set a $18.00 price objective (up from $16.00) on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, March 1st. TheStreet raised shares of Wheeler Real Estate Investment Trust from a “d+” rating to a “c-” rating in a report on Tuesday, February 14th. Finally, Wunderlich initiated coverage on shares of Wheeler Real Estate Investment Trust in a report on Friday, January 27th. They set a “buy” rating and a $18.00 price objective on the stock. They noted that the move was a valuation call.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded down 6.04% during midday trading on Friday, reaching $9.18. 108,391 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $12.00 and its 200-day moving average price is $4.30. Wheeler Real Estate Investment Trust has a one year low of $9.02 and a one year high of $15.60. The stock’s market cap is $79.09 million.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its quarterly earnings data on Monday, February 27th. The real estate investment trust reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.24. Wheeler Real Estate Investment Trust had a negative return on equity of 15.48% and a negative net margin of 23.24%. The firm had revenue of $12.03 million during the quarter. Equities analysts predict that Wheeler Real Estate Investment Trust will post ($1.52) earnings per share for the current year.

The company also recently disclosed a dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, March 31st were paid a $0.018 dividend. The ex-dividend date was Wednesday, March 29th. Wheeler Real Estate Investment Trust’s payout ratio is -110.53%.

In other Wheeler Real Estate Investment Trust news, CFO Wilkes Jackson Graham sold 16,871 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $1.73, for a total value of $29,186.83. Following the sale, the chief financial officer now owns 51,492 shares of the company’s stock, valued at approximately $89,081.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jon S. Wheeler acquired 4,300 shares of Wheeler Real Estate Investment Trust stock in a transaction on Monday, May 8th. The stock was purchased at an average cost of $11.86 per share, for a total transaction of $50,998.00. The disclosure for this purchase can be found here. Insiders own 4.51% 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.

5 Day Chart for NASDAQ:WHLR

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