Wheeler Real Estate Investment Trust Stock News

Wheeler REIT is facing a potential dilution crisis as the deadline for Series D preferred shares to be converted into cash or common shares approaches on September 21, 2023. The company intends signif

The first tender offer for Wheeler Preferred D shares was unsuccessful, as expected, but now the terms have changed. Given the revised incentives around the tender offer, I believe it is more likely t

Wheeler has announced a tender offer for all outstanding preferred D shares. Based on the terms and market reaction, the deal seems unlikely to be accepted without being sweetened.

Take A Shower After Reading The Wheeler/Cedar Merger

Merger activity increased last week with six new deals announced and six deals completed. Three of the six new deals announced were potential deals in the works. Healthcare Trust of America (NYSE: HTA ) Founded in 2006, Healthcare Trust of America is a healthcare focused REIT and the largest operator of dedicated medical office buildings (MOB) in the United States. The company owns real estate though 461 on-campus and off-campus properties around hospitals and Universities in 32 states. We added HTA to our ‘Deals in the Works‘ tool on October 6, 2021, when Bloomberg reported that activist investor Elliott Investment Management was pushing for the company to launch a strategic review that included a potential sale of the company. The price of HTA was $30.02 before the announcement. On February 28, 2022 HTA announced that it is combining with Healthcare Realty Trust Incorporated (NYSE: HR ) in a cash plus stock deal. We wrote the following about HTA for our October 2021 Mid-Month Update: HTA has performed admirably through the COVID-19 pandemic as demand for medical office buildings remained strong.

Cedar Realty Trust (CDR) stock jumped 8.8% postmarket after the REIT said it will be acquired by Wheeler Real Estate Investment Trust (WHLR).WHLR will acquire CDR and its assets after…

MASSAPEQUA, N.Y. , March 2, 2022 /PRNewswire/ -- Cedar Realty Trust (NYSE: CDR ) (the "Company") today announced that following its previously announced dual-track review of strategic alternatives, it has entered into definitive agreements for the sale of the Company and its assets in a series of related all-cash transactions: An agreement to sell a portfolio of 33 grocery-anchored shopping centers to a joint venture between a fund managed by DRA Advisors LLC and KPR Centers for $840.0 million . An agreement to sell the Revelry redevelopment project for $34.0 million . Cedar is negotiating the sale of the Northeast Heights redevelopment project for $46.5 million . (In the event the sale of the redevelopment projects is not completed prior to closing of the grocery-anchored shopping center portfolio sale, the DRA-KPR joint venture has agreed to acquire these two projects at the aggregate price of $80.5 million .) An agreement to sell the Company and its remaining assets to Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR ), after completion of the above-described transactions, in an all-cash merger transaction that values the assets at $291.3 million .

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) was downgraded by equities researchers at TheStreet from a c- rating to a d+ rating in a research report issued on Wednesday, TheStreetRatingsTable reports. NASDAQ WHLR opened at $2.39 on Wednesday. Wheeler Real Estate Investment Trust has a 1-year low of $2.25 and a 1-year high of $7.36. The []

TheStreet downgraded shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) from a c- rating to a d+ rating in a report released on Wednesday morning, TheStreetRatingsTable reports. Wheeler Real Estate Investment Trust stock opened at $2.39 on Wednesday. The firm has a 50 day simple moving average of $2.69 and a 200-day simple moving average []

Eidelman Virant Capital increased its holdings in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 581,000 shares of the real estate investment trusts stock after purchasing an additional 35,000 shares during the quarter. []