Media coverage about Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has trended positive recently, according to AlphaOne. The research group, a service of Accern, scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wheeler Real Estate Investment Trust earned a coverage optimism score of 0.35 on AlphaOne’s scale. AlphaOne also assigned press coverage about the real estate investment trust an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Alpha One Sentiment’s scoring:
- Needle Action Activity Spotted in Wheeler Real Estate Investment Trust Inc (WHLR) – Evergreen Caller (evergreencaller.com)
- Zacks: Wheeler Real Estate Investment Trust, Inc. (WHLR) Given $15.50 Consensus Price Target by Analysts (americanbankingnews.com)
- Washington Real Estate Investment Trust (WRE) Stake Increased by Swiss National Bank (footballhebdo.com)
- Wheeler Real Estate Investment Trust (WHLR) Getting Favorable Press Coverage, Report Finds (campdesrecrues.com)
- Head-To-Head Survey: Wheeler Real Estate Investment Trust (WHLR) & Kimco Realty Corp (KIM) (americanbankingnews.com)
WHLR has been the topic of several recent research reports. Wunderlich lowered their target price on shares of Wheeler Real Estate Investment Trust from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, May 24th. TheStreet cut shares of Wheeler Real Estate Investment Trust from a “c-” rating to a “d” rating in a research report on Tuesday, May 23rd. JMP Securities cut shares of Wheeler Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 24th. ValuEngine cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Maxim Group reissued a “buy” rating and set a $18.00 price target (up previously from $16.00) on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, March 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Wheeler Real Estate Investment Trust presently has a consensus rating of “Buy” and an average target price of $17.00.
Shares of Wheeler Real Estate Investment Trust (WHLR) opened at 9.73 on Friday. The stock’s market capitalization is $83.83 million. The company has a 50-day moving average of $10.30 and a 200 day moving average of $5.33. Wheeler Real Estate Investment Trust has a one year low of $1.50 and a one year high of $15.60.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Friday, June 30th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 13.98%. The ex-dividend date of this dividend is Wednesday, June 28th. Wheeler Real Estate Investment Trust’s payout ratio is -90.32%.
In other news, Director Jeffrey M. Zwerdling bought 5,000 shares of the stock in a transaction on Thursday, May 18th. The shares were purchased at an average price of $9.95 per share, for a total transaction of $49,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jon S. Wheeler bought 4,300 shares of the stock in a transaction on Monday, May 8th. The stock was purchased at an average price of $11.86 per share, for a total transaction of $50,998.00. The disclosure for this purchase can be found here. Insiders have purchased 12,421 shares of company stock worth $130,652 over the last three months. 4.51% of the stock is owned by insiders.
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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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