Wheeler Real Estate Investment Trust Inc (WHLR) Shares Scheduled to Reverse Split on Monday, April 3rd

Shares of Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) are going to reverse split on the morning of Monday, April 3rd. The 1-8 reverse split was announced on Monday, February 27th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 31st.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) traded down 1.22% on Friday, reaching $13.74. 32,496 shares of the company’s stock were exchanged. Wheeler Real Estate Investment Trust has a 1-year low of $1.38 and a 1-year high of $14.40. The stock’s market capitalization is $117.08 million. The firm’s 50 day moving average is $6.41 and its 200 day moving average is $2.88.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its earnings results on Monday, February 27th. The real estate investment trust reported ($0.72) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by $0.24. Wheeler Real Estate Investment Trust had a negative return on equity of 15.48% and a negative net margin of 23.24%. The company earned $12.03 million during the quarter. Analysts expect that Wheeler Real Estate Investment Trust will post ($0.96) EPS for the current year.

The business also recently announced a dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 31st will be issued a $0.018 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. Wheeler Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -110.53%.

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Several equities research analysts recently weighed in on the company. Maxim Group restated a “buy” rating and issued a $18.00 target price (up from $16.00) on shares of Wheeler Real Estate Investment Trust in a report on Wednesday, March 1st. TheStreet upgraded Wheeler Real Estate Investment Trust from a “d+” rating to a “c-” rating in a report on Tuesday, February 14th. Wunderlich assumed coverage on Wheeler Real Estate Investment Trust in a report on Friday, January 27th. They issued a “buy” rating and a $18.00 target price for the company. They noted that the move was a valuation call. Finally, JMP Securities upgraded Wheeler Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Monday, January 9th.

In other Wheeler Real Estate Investment Trust news, CFO Wilkes Jackson Graham sold 16,871 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $1.73, for a total value of $29,186.83. Following the transaction, the chief financial officer now directly owns 51,492 shares of the company’s stock, valued at approximately $89,081.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.51% of the company’s stock.

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.

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