News stories about Wheeler Real Estate IT (NASDAQ:WHLR) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wheeler Real Estate IT earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.077515859076 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
WHLR has been the subject of several research analyst reports. B. Riley lowered their price objective on shares of Wheeler Real Estate IT from $13.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. ValuEngine lowered shares of Wheeler Real Estate IT from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Wheeler Real Estate IT from a “strong sell” rating to a “hold” rating in a report on Saturday, January 13th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.75.
Shares of WHLR stock traded up $0.07 during trading hours on Monday, hitting $3.37. 84,891 shares of the company’s stock traded hands, compared to its average volume of 223,769. Wheeler Real Estate IT has a 12-month low of $3.25 and a 12-month high of $13.98. The firm has a market capitalization of $29.53, a price-to-earnings ratio of 2.57 and a beta of 1.17. The company has a debt-to-equity ratio of 10.54, a quick ratio of 2.32 and a current ratio of 2.32.
In other Wheeler Real Estate IT news, CEO David Kelly bought 15,000 shares of the stock in a transaction dated Tuesday, March 20th. The stock was purchased at an average cost of $3.44 per share, for a total transaction of $51,600.00. Following the completion of the acquisition, the chief executive officer now owns 26,679 shares of the company’s stock, valued at $91,775.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.27% of the stock is currently owned by company insiders.
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Wheeler Real Estate IT Company Profile
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc is a fully-integrated, self-managed commercial real estate investment company focused on acquiring and managing income-producing retail properties with a primary focus on grocery-anchored centers. Wheeler's portfolio contains well-located, potentially dominant retail properties in secondary and tertiary markets that generate attractive, risk-adjusted returns, with a particular emphasis on grocery-anchored retail centers.
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