Follow The Dividend: Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) dividends of $0.02 are projected for the near future; this is why.

Follow The Dividend: Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) dividends of $0.02 are projected for the near future; this is why.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) is expected to pay $0.02 on Dec 30, 2016. The indicated annual dividend is $0.21. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Wheeler Real Estate Investment Trust, Inc.’s current price of $1.69, the dividend is 1.07%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 22, 2016. The stock increased 0.60% or $0.01 on November 25, hitting $1.69. About 59,303 shares traded hands. Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) has risen 21.58% since April 25, 2016 and is uptrending. It has outperformed by 15.57% the S&P500.

Wheeler Real Estate Investment Trust, Inc. is a self-managed commercial real estate investment company. The company has a market cap of $115.54 million. The Firm was formed for acquiring, financing, developing, leasing, owning and managing strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. It currently has negative earnings. The Firm owns a portfolio of approximately 50 properties, including 40 retail shopping centers and three freestanding retail properties, totaling over 3,151,360 gross leasable square feet.

Insitutional Activity: The institutional sentiment decreased to 1.35 in Q2 2016. Its down 0.03, from 1.38 in 2016Q1. The ratio fall, as 4 funds sold all Wheeler Real Estate Investment Trust Inc shares owned while 9 reduced positions. 7 funds bought stakes while 11 increased positions. They now own 28.39 million shares or 0.80% more from 28.16 million shares in 2016Q1.
Ladenburg Thalmann Fincl Services Incorporated accumulated 0% or 28,300 shares. Jpmorgan Chase & Co accumulated 0% or 30,834 shares. Moreover, Blackrock Mngmt Limited Liability Corporation has 0% invested in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) for 8,702 shares. Bulldog Limited Liability Co accumulated 4.33 million shares or 1.71% of the stock. Raymond James Fincl Serv Advsr last reported 0% of its portfolio in the stock. Boston Partners has invested 0% of its portfolio in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). The New York-based 683 Capital Mngmt Ltd Liability Corp has invested 0.12% in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). Blackrock Fund holds 0% or 136,957 shares in its portfolio. Eidelman Virant has invested 0.02% of its portfolio in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). Wellington Shields Cap Mgmt Limited Liability Company reported 57,120 shares or 0.01% of all its holdings. Renaissance Tech Ltd Liability Corporation has 0% invested in the company for 273,600 shares. Goldman Sachs Gru holds 0% or 41,589 shares in its portfolio. State Of New Jersey Common Pension Fund D has 0% invested in the company for 160,000 shares. Orinda Asset Management Llc last reported 3.21% of its portfolio in the stock. Northern Tru Corporation last reported 34,398 shares in the company.

Insider Transactions: Since September 19, 2016, the stock had 2 insider purchases, and 0 selling transactions for $61,403 net activity. $30,076 worth of Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) was bought by Kelly David on Friday, September 30. Another trade for 18,108 shares valued at $31,327 was bought by Graham Wilkes Jackson.

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) Ratings Coverage

Out of 2 analysts covering Wheeler Real Estate Investment Trust (NASDAQ:WHLR), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Wheeler Real Estate Investment Trust has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Maxim Group on Wednesday, August 12. Maxim Group maintained Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) rating on Thursday, March 10. Maxim Group has “Buy” rating and $2 price target. The rating was downgraded by JMP Securities on Monday, August 22 to “Mkt Perform”.

More notable recent Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) news were published by: Seekingalpha.com which released: “Is Wheeler Real Estate Investment Trust Inc., Growing Too Fast?” on November 10, 2016, also Globenewswire.com with their article: “Wheeler Real Estate Investment Trust, Inc. Completes the Acquisition of Four …” published on November 16, 2016, Nasdaq.com published: “Wheeler Real Estate Investment Trust, Inc. (WHLR) Ex-Dividend Date Scheduled …” on November 25, 2016. More interesting news about Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) were released by: Globenewswire.com and their article: “Wheeler Real Estate Investment Trust, Inc. Completes Sale of Non-Core Property …” published on June 29, 2016 as well as Globenewswire.com‘s news article titled: “Wheeler Real Estate Investment Trust, Inc. Acquires 113652 Square Foot …” with publication date: October 01, 2015.

WHLR Company Profile

Wheeler Real Estate Investment Trust, Inc., incorporated on June 23, 2011, is a self-managed commercial real estate investment company. The Firm was formed for acquiring, financing, developing, leasing, owning and managing strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. The Firm owns a portfolio of approximately 50 properties, including over 40 retail shopping centers and three freestanding retail properties, totaling over 3,151,360 gross leasable square feet.

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