Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) has received an average recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.80.

A number of analysts have recently issued reports on WHLR shares. FBR & Co reaffirmed a “buy” rating and set a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, September 19th. ValuEngine raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Compass Point downgraded shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. B. Riley reaffirmed a “buy” rating on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, September 21st.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu KCG Holdings LLC purchased a new position in shares of Wheeler Real Estate Investment Trust in the second quarter worth approximately $103,000. Dimensional Fund Advisors LP bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $159,000. Menta Capital LLC bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $380,000. Boston Partners bought a new stake in Wheeler Real Estate Investment Trust during the 3rd quarter worth approximately $2,475,000. Finally, Renaissance Technologies LLC raised its stake in Wheeler Real Estate Investment Trust by 373.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,557,925 shares of the real estate investment trust’s stock worth $2,695,000 after acquiring an additional 1,228,925 shares during the period. 67.09% of the stock is currently owned by institutional investors.

Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) opened at $11.13 on Friday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a market cap of $92.20, a PE ratio of 7.94 and a beta of 1.18. Wheeler Real Estate Investment Trust has a 1-year low of $7.95 and a 1-year high of $14.64.

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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.

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

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