ValuEngine upgraded shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
Shares of NASDAQ WHLR traded down $0.04 during midday trading on Wednesday, hitting $1.12. 9,898 shares of the company’s stock were exchanged, compared to its average volume of 140,583. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 20.10. Wheeler Real Estate Investment Trust has a 12 month low of $0.72 and a 12 month high of $8.66. The company has a market capitalization of $10.02 million, a P/E ratio of 1.38 and a beta of 2.32.
An institutional investor recently raised its position in Wheeler Real Estate Investment Trust stock. Bank of New York Mellon Corp boosted its position in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) by 93.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,673 shares of the real estate investment trust’s stock after purchasing an additional 13,853 shares during the quarter. Bank of New York Mellon Corp owned about 0.31% of Wheeler Real Estate Investment Trust worth $116,000 at the end of the most recent reporting period. 22.71% of the stock is owned by hedge funds and other institutional investors.
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc is a fully-integrated, self-managed commercial real estate investment company focused on owning and operating 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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