Warehouse REIT (LON:WHR) Trading 1.9% Higher

Warehouse REIT plc (LON:WHRGet Rating)’s share price rose 1.9% during trading on Friday . The stock traded as high as GBX 107.80 ($1.32) and last traded at GBX 107.40 ($1.31). Approximately 769,092 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 1,042,693 shares. The stock had previously closed at GBX 105.40 ($1.29).

Wall Street Analysts Forecast Growth

WHR has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “underperform” rating and set a GBX 115 ($1.40) price target on shares of Warehouse REIT in a report on Friday, November 18th. Shore Capital reiterated a “buy” rating on shares of Warehouse REIT in a report on Monday, November 7th.

Warehouse REIT Price Performance

The company has a quick ratio of 0.71, a current ratio of 0.87 and a debt-to-equity ratio of 52.96. The stock’s 50 day moving average price is GBX 109.39 and its two-hundred day moving average price is GBX 128.09. The firm has a market capitalization of £456.30 million and a price-to-earnings ratio of 767.14.

Warehouse REIT Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 1st were paid a dividend of GBX 1.60 ($0.02) per share. This represents a dividend yield of 1.3%. The ex-dividend date was Thursday, December 1st. Warehouse REIT’s dividend payout ratio (DPR) is presently 46.07%.

Warehouse REIT Company Profile

(Get Rating)

Warehouse REIT plc owns and manages a diversified portfolio of warehouse real estate assets in UK urban areas. This is a compelling market. The structural rise in e-commerce and investment in 'last-mile' delivery contribute to high tenant demand, while limited vacant space and our active asset management lead to growing rents.

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