Last Updated: 17 Sep 2024
Executive Summary
Wheeler Real Estate Investment Trust Inc. (WHLR) is a publicly traded real estate investment trust (REIT) that invests in commercial real estate properties. The company's portfolio consists of office, industrial, and retail properties located in the United States. WHLR has a market capitalization of $101.76 million and an enterprise value of $107.4 million. The company's latest stock price is $7.35.
Company Overview
WHLR was founded in 1992 and is headquartered in Virginia Beach, Virginia. The company's investment objective is to generate income and capital appreciation for its shareholders through the ownership and operation of a diversified portfolio of commercial real estate properties. WHLR's portfolio consists of 14 properties totaling approximately 2.2 million square feet. The company's properties are located in 10 states across the United States.
Fundamental Analysis
WHLR's financial performance has been mixed in recent years. The company's revenue has declined in each of the past three years. In 2023, WHLR reported revenue of $103.17 million, down from $108.32 million in 2022. The company's net income also declined in 2023, from $10.04 million to $7.35 million.
WHLR's profitability metrics have also declined in recent years. The company's gross profit margin fell from 48.7% in 2022 to 49.2% in 2023. The company's operating margin also declined, from 35.1% in 2022 to 33.1% in 2023.
WHLR's financial leverage is moderate. The company's debt-to-equity ratio is 0.67, which is below the industry average. WHLR's interest coverage ratio is 2.5x, which is also below the industry average.
Technical Analysis
WHLR's stock price has been in a downtrend since early 2023. The stock price fell from a high of $547.20 in January 2023 to a low of $0.966 in June 2023. The stock price has since rebounded to $7.35, but it is still below its 50-day and 200-day moving averages.
WHLR's technical indicators are mixed. The relative strength index (RSI) is below 50, which indicates that the stock is oversold. However, the moving average convergence divergence (MACD) is above 0, which indicates that the stock is in a bullish trend.
Short Term Outlook
WHLR's short-term outlook is mixed. The company's financial performance has been weak in recent years, and its stock price has been in a downtrend. However, the company's technical indicators are mixed, and the stock price has rebounded from its recent lows.
Long Term Outlook
WHLR's long-term outlook is uncertain. The company's financial performance has been weak in recent years, and the commercial real estate market is facing headwinds. However, WHLR has a strong track record of generating income and capital appreciation for its shareholders.
Analyst Recommendations
The consensus analyst rating for WHLR is "Hold". One analyst has a "Buy" rating on the stock, while another analyst has a "Hold" rating. The average analyst target price for WHLR is $7.00.
