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Wheeler Real Estate Investment Trust Inc (NDAQ:WHLR) has been downgraded from Outperform to Market Perform in a report by JMP Securities today.

Showing a price of $8.46, Wheeler Real Estate Investment Trust Inc (NDAQ:WHLR) traded 0.11% higher on the day. The last stock price is down -15.13% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same period. WHLR has recorded a 50-day average of $11.01 and a two hundred day average of $10.79. Volume of trade was down over the average, with 41,450 shares of WHLR changing hands under the typical 69,355

JMP Securities has downgraded Wheeler Real Estate Investment Trust Inc (NDAQ:WHLR) from Outperform to Market Perform in a statement released on 05/25/2017.

Performance Chart

Wheeler Real Estate Investment Trust Inc (NDAQ:WHLR)

With a total market value of $0, Wheeler Real Estate Investment Trust Inc has with a one year low of $7.95 and a one year high of $14.64 .

A total of 3 brokers have reported on the stock. 1 brokerage rating the stock a strong buy, 2 brokers rating the stock a buy, 0 brokers rating the stock a hold, zero analysts rating the company a underperform, and finally zero firms rating the stock a sell with a consensus target price of $2.50.

About Wheeler Real Estate Investment Trust Inc (NDAQ:WHLR)

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. Its properties are located in Virginia, North Carolina, South Carolina, Florida, Georgia, Kentucky, Oklahoma, Tennessee, Alabama, New Jersey, Pennsylvania and West Virginia. Its properties include Alex City Marketplace, Berkley Shopping Center, Clover Plaza, Darien Shopping Center, Cypress Shopping Center, Harrodsburg Marketplace, LaGrange Marketplace, Riverbridge Shopping Center and Village of Martinsville.

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