Wheeler Real Estate Investment Trust (WHLR) Receiving Somewhat Positive Press Coverage, Analysis Finds

Headlines about Wheeler Real Estate Investment Trust (NASDAQ:WHLR) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 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 closest to one being the most favorable. Wheeler Real Estate Investment Trust earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.264342354678 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Wheeler Real Estate Investment Trust stock traded up $0.04 during trading hours on Friday, reaching $4.01. The company’s stock had a trading volume of 227,481 shares, compared to its average volume of 238,392. The company has a market capitalization of $35.88, a price-to-earnings ratio of -1.58 and a beta of 0.99. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 10.54. Wheeler Real Estate Investment Trust has a 12-month low of $3.25 and a 12-month high of $14.40.

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Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its earnings results on Tuesday, March 6th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($1.56). The firm had revenue of $14.30 million for the quarter, compared to the consensus estimate of $14.42 million. Wheeler Real Estate Investment Trust had a negative return on equity of 29.96% and a negative net margin of 20.66%.

Several research firms recently issued reports on WHLR. B. Riley reiterated a “buy” rating and set a $13.00 target price on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, January 17th. ValuEngine upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded Wheeler Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 13th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $11.75.

In other news, CEO David Kelly bought 15,000 shares of the stock in a transaction dated Tuesday, March 20th. The shares were bought at an average price of $3.44 per share, for a total transaction of $51,600.00. Following the completion of the purchase, the chief executive officer now owns 26,679 shares in the company, valued at $91,775.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.27% of the stock is currently owned by company insiders.

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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.

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

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