EJF Capital LLC trimmed its position in shares of Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) by 15.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,210 shares of the real estate investment trust’s stock after selling 10,790 shares during the period. EJF Capital LLC owned approximately 0.68% of Wheeler Real Estate Investment Trust worth $684,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WHLR. Stilwell Value LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter worth $7,227,000. Vanguard Group Inc. increased its holdings in shares of Wheeler Real Estate Investment Trust by 47.3% during the 1st quarter. Vanguard Group Inc. now owns 4,324,217 shares of the real estate investment trust’s stock worth $7,481,000 after buying an additional 1,387,874 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Wheeler Real Estate Investment Trust by 373.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,557,925 shares of the real estate investment trust’s stock worth $2,695,000 after buying an additional 1,228,925 shares during the last quarter. Boston Partners purchased a new stake in Wheeler Real Estate Investment Trust during the 3rd quarter worth $2,475,000. Finally, Menta Capital LLC purchased a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth $380,000. Institutional investors and hedge funds own 67.09% of the company’s stock.

Shares of Wheeler Real Estate Investment Trust Inc (WHLR) opened at $10.29 on Tuesday. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 7.05. Wheeler Real Estate Investment Trust Inc has a 12-month low of $7.95 and a 12-month high of $14.64. The firm has a market cap of $91.24, a price-to-earnings ratio of 7.86 and a beta of 1.18.

WHLR has been the subject of a number of research reports. FBR & Co reaffirmed a “buy” rating and set a $13.00 price target on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, September 19th. ValuEngine raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday. Compass Point cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. B. Riley reaffirmed a “buy” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $14.83.

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Wheeler Real Estate Investment Trust 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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Institutional Ownership by Quarter for Wheeler Real Estate Investment Trust (NASDAQ:WHLR)

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