Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
WHLR stock opened at $3.25 on Monday. The company has a debt-to-equity ratio of 17.23, a current ratio of 2.62 and a quick ratio of 2.62. Wheeler Real Estate Investment Trust has a fifty-two week low of $3.15 and a fifty-two week high of $11.87. The company has a market capitalization of $31.53 million, a P/E ratio of 3.05 and a beta of 1.31.
An institutional investor recently raised its position in Wheeler Real Estate Investment Trust stock. Bank of New York Mellon Corp raised its holdings in shares of Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) by 93.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,673 shares of the real estate investment trust’s stock after acquiring an additional 13,853 shares during the period. Bank of New York Mellon Corp owned approximately 0.31% of Wheeler Real Estate Investment Trust worth $116,000 at the end of the most recent reporting period. 22.07% of the stock is owned by institutional investors and hedge funds.
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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