Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other equities analysts have also weighed in on WHLR. B. Riley restated a “buy” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, November 1st. FBR & Co restated a “buy” rating and issued a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, September 19th. Zacks Investment Research upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, September 21st. Finally, Compass Point lowered Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.83.

Shares of Wheeler Real Estate Investment Trust (WHLR) traded up $0.16 during midday trading on Friday, reaching $10.45. The company’s stock had a trading volume of 58,518 shares, compared to its average volume of 74,609. The company has a market cap of $91.24, a price-to-earnings ratio of 7.59 and a beta of 1.14. The company has a debt-to-equity ratio of 7.05, a current ratio of 3.37 and a quick ratio of 3.37. Wheeler Real Estate Investment Trust has a fifty-two week low of $7.95 and a fifty-two week high of $14.64.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu KCG Holdings LLC bought a new position in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $103,000. Hillsdale Investment Management Inc. bought a new position in shares of Wheeler Real Estate Investment Trust during the 1st quarter valued at about $113,000. Royce & Associates LP bought a new position in shares of Wheeler Real Estate Investment Trust during the 1st quarter valued at about $117,000. Dimensional Fund Advisors LP bought a new position in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $159,000. Finally, Asset Management One Co. Ltd. increased its position in shares of Wheeler Real Estate Investment Trust by 9.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 136,250 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 11,380 shares during the last quarter. Institutional investors and hedge funds own 67.09% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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