Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $14.67.

A number of research analysts recently commented on WHLR shares. JMP Securities downgraded Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 24th. Wunderlich dropped their price target on 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 downgraded Wheeler Real Estate Investment Trust from a “c-” rating to a “d” rating in a research note on Tuesday, May 23rd. ValuEngine downgraded Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, July 11th.

Wheeler Real Estate Investment Trust (NASDAQ WHLR) traded down 0.28% during midday trading on Friday, hitting $10.62. 32,282 shares of the stock traded hands. The firm’s 50 day moving average is $10.38 and its 200-day moving average is $7.41. Wheeler Real Estate Investment Trust has a 12-month low of $7.95 and a 12-month high of $15.28. The stock’s market capitalization is $91.50 million.

The business also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, June 30th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 12.81%. The ex-dividend date was Wednesday, June 28th. Wheeler Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -90.32%.

In other Wheeler Real Estate Investment Trust news, CEO Jon S. Wheeler bought 4,300 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were purchased at an average price of $11.86 per share, for a total transaction of $50,998.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey M. Zwerdling bought 5,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was acquired 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. In the last quarter, insiders acquired 12,421 shares of company stock worth $130,652. Company insiders own 5.27% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D boosted its position in Wheeler Real Estate Investment Trust by 38.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 345,000 shares of the real estate investment trust’s stock worth $597,000 after buying an additional 95,000 shares in the last quarter. Boston Partners acquired a new position in Wheeler Real Estate Investment Trust during the first quarter worth about $2,353,000. Hillsdale Investment Management Inc. acquired a new position in Wheeler Real Estate Investment Trust during the first quarter worth about $113,000. JPMorgan Chase & Co. boosted its position in Wheeler Real Estate Investment Trust by 1,910.6% in the first quarter. JPMorgan Chase & Co. now owns 144,764 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 137,564 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in 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 in the last quarter.

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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.

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