Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d” rating in a report issued on Tuesday.

A number of other research firms have also recently weighed in on WHLR. Maxim Group reissued a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, March 1st. Wunderlich decreased their price target on shares of Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JMP Securities lowered shares of Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday.

Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded down 0.4266% during midday trading on Tuesday, hitting $8.4737. The stock had a trading volume of 102,114 shares. Wheeler Real Estate Investment Trust has a 12 month low of $1.49 and a 12 month high of $15.60. The firm’s market cap is $73.01 million. The stock’s 50 day moving average price is $12.13 and its 200 day moving average price is $4.53.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings results on Monday, February 27th. The real estate investment trust reported ($0.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by $0.24. The firm had revenue of $12.03 million for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 15.48% and a negative net margin of 23.24%. On average, equities analysts forecast that Wheeler Real Estate Investment Trust will post ($1.52) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Friday, June 30th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.36 dividend on an annualized basis and a yield of 15.98%. Wheeler Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -110.53%.

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In other news, CEO Jon S. Wheeler purchased 4,300 shares of Wheeler Real Estate Investment Trust stock in a transaction on Monday, May 8th. The shares were purchased at an average cost of $11.86 per share, for a total transaction of $50,998.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey M. Zwerdling purchased 5,000 shares of Wheeler Real Estate Investment Trust stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of $9.95 per share, for a total transaction of $49,750.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 12,421 shares of company stock worth $130,652. Company insiders own 4.51% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WHLR. Renaissance Technologies LLC raised its position in shares of Wheeler Real Estate Investment Trust by 373.5% in the first quarter. Renaissance Technologies LLC now owns 1,557,925 shares of the real estate investment trust’s stock worth $2,695,000 after buying an additional 1,228,925 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Wheeler Real Estate Investment Trust by 27.3% in the first quarter. Geode Capital Management LLC now owns 159,220 shares of the real estate investment trust’s stock worth $275,450,000 after buying an additional 34,108 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Wheeler Real Estate Investment Trust by 47.3% in the first quarter. Vanguard Group Inc. now owns 4,324,217 shares of the real estate investment trust’s stock worth $7,481,000 after buying an additional 1,387,874 shares during the last quarter. Royce & Associates LP bought a new position in shares of Wheeler Real Estate Investment Trust during the first quarter worth about $117,000. Finally, Asset Management One Co. Ltd. raised its position in shares of Wheeler Real Estate Investment Trust by 9.1% in the first quarter. Asset Management One Co. Ltd. now owns 136,250 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 11,380 shares during the last quarter. Hedge funds and other institutional investors own 41.57% of the company’s stock.

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.

12 Month Chart for NASDAQ:WHLR

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