Wheeler Real Estate Investment Trust (WHLR) Receiving Favorable Press Coverage, Study Shows

News stories about Wheeler Real Estate Investment Trust (NASDAQ:WHLR) have trended positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wheeler Real Estate Investment Trust earned a daily sentiment score of 0.34 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 16 out of 100, indicating that recent news coverage is very unlikely to have an effect on the stock’s share price in the next several days.

Insider Buying and Selling by Quarter for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

Several analysts have weighed in on WHLR shares. Maxim Group reissued a “buy” rating and issued a $18.00 price target (up from $16.00) on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, March 1st. JMP Securities downgraded shares of Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 24th. Wunderlich lowered their price target on shares of Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, May 24th. TheStreet cut shares of Wheeler Real Estate Investment Trust from a “c-” rating to a “d” rating in a research report on Tuesday, May 23rd. Finally, ValuEngine cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Wheeler Real Estate Investment Trust currently has a consensus rating of “Buy” and an average price target of $17.00.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded up 0.41% during trading on Thursday, hitting $9.85. 52,325 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $10.00 and a 200 day moving average price of $5.56. The company’s market cap is $84.87 million. Wheeler Real Estate Investment Trust has a 52-week low of $7.95 and a 52-week high of $15.60.

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Friday, June 30th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.36 annualized dividend and a dividend yield of 13.81%. Wheeler Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -90.32%.

In other news, CEO Jon S. Wheeler bought 4,300 shares of the stock in a transaction dated Monday, May 8th. The stock was purchased at an average price of $11.86 per share, for a total transaction of $50,998.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey M. Zwerdling acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were bought at an average price of $9.95 per share, with a total value of $49,750.00. The disclosure for this purchase can be found here. Insiders bought a total of 12,421 shares of company stock valued at $130,652 in the last 90 days. Company insiders own 4.51% of the company’s stock.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WHLR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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