Steamboat Capital Partners LLC recently announced the acquisition of new stake in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). The institutional investor has increased its shareholding in the Real Estate company by 5,889.05% to 0.29 million shares with purchase of 0.28 million shares. This fresh investment now brings its stake to 29.44% valued currently at $0.95 million. In addition, Renaissance Technologies LLC raised its holdings by 50.0 to 10135.0 shares. And Jane Street Capital LLC has lifted its position by 26.68% or 345.0 shares – to 1638.0 shares.
With over 9.19 million Wheeler Real Estate Investment Trust Inc (WHLR) shares trading Tuesday and a closing price of $0.24 on the day, the dollar volume was approximately $2.21 million. The shares have shown a negative half year performance of -97.11% and its price on 11/14/23 gained nearly 15.43%. Currently, there are 17.58M common shares owned by the public and among those 10.92M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for WHLR have a consensus price objective of $50.00. The analysts have set the share’s price value over the next 12 months at a high of $50.00 and a low of $50.00. The average price target is 95.2% above its recent price level and an upside to the estimated low will see the stock gain 99.52% over that period. But an upside of 99.52% will see the stock hit the forecast high price target while median target price for the stock is $50.00.
Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 16,075 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 3,000 shares.
The top 3 mutual fund holders in Wheeler Real Estate Investment Trust Inc are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Nasdaq Composite Index F. Vanguard Extended Market Index Fu owns 12815.0 shares of the company’s stock, all valued at over $42033.0. The company bought an additional 1.0 shares recently to bring their total holdings to about 1.31% of the shares outstanding. Fidelity Nasdaq Composite Index F now owns shares totaling to 0.16% of the shares outstanding.
Shares of Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) opened at $0.2278, up $0.02 from a prior closing price of $0.21. However, the script later moved the day high at 0.3150, up 15.43%. The company’s stock has a 5-day price change of -17.88% and -94.81% over the past three months. WHLR shares are trading -98.25% year to date (YTD), with the 12-month market performance down to -98.57% lower. It has a 12-month low price of $0.20 and touched a high of $19.90 over the same period. WHLR has an average intraday trading volume of 2.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -65.69%, -88.22%, and -96.91% respectively.
Institutional ownership of Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) shares accounts for 3.43% of the company’s 17.58M shares outstanding. Mutual fund holders own 60.41%, while other institutional holders and individual stakeholders account for 68.45% and 2.07% respectively.
It has a market capitalization of $4.29M and a beta (3y monthly) value of 2.47. The earnings-per-share (ttm) stands at -$48.42. The company has a debt-to-equity ratio at 8.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 28.17% over the week and 28.57% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Wheeler Real Estate Investment Trust Inc (WHLR) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WHLR, a number of firms have released research notes about the stock. B. Riley FBR Inc. stated their Buy rating for the stock in a research note on February 20, 2018, with the firm’s price target at $13-$9.
