Warehouse REIT (LON:WHR) Trading 0.4% Higher

Warehouse REIT (LON:WHR) shares were up 0.4% during trading on Thursday . The company traded as high as GBX 90.90 ($1.20) and last traded at GBX 90 ($1.19). Approximately 1,279,803 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 936,778 shares. The stock had previously closed at GBX 89.60 ($1.18).

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WHR shares. Shore Capital restated a “hold” rating on shares of Warehouse REIT in a research note on Monday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 108 ($1.43) target price on shares of Warehouse REIT in a report on Monday, June 24th.

Warehouse REIT Stock Performance

The company’s 50-day simple moving average is GBX 86.68 and its 200-day simple moving average is GBX 82.90. The stock has a market capitalization of £378.13 million, a price-to-earnings ratio of 1,112.50, a PEG ratio of 1.79 and a beta of 0.91. The company has a current ratio of 5.48, a quick ratio of 0.71 and a debt-to-equity ratio of 55.20.

Warehouse REIT Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 5th will be given a dividend of GBX 1.60 ($0.02) per share. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 1.86%. Warehouse REIT’s dividend payout ratio (DPR) is 7,500.00%.

Warehouse REIT Company Profile

Warehouse REIT plc is a closed-ended Real Estate Investment Trust ("REIT") with an indefinite life incorporated in England and Wales on 24 July 2017. The Company began trading on 20 September 2017. The registered office of the Company is located at 65 Gresham Street, London EC2V 7NQ. The Company's shares are admitted to trading on the Premium Listing Segment of the Main Market, a market operated by the London Stock Exchange.