Warehouse REIT (LON:WHR) Earns “Buy” Rating from Peel Hunt

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Peel Hunt reaffirmed their buy rating on shares of Warehouse REIT (LON:WHR) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts have also commented on the company. Peel Hunt reaffirmed a buy rating and issued a GBX 125 ($1.64) target price on shares of Warehouse REIT in a research report on Friday, January 24th. Royal Bank of Canada boosted their target price on Warehouse REIT to GBX 145 ($1.91) and gave the company an outperform rating in a research report on Monday, December 16th.

Shares of Warehouse REIT stock opened at GBX 118 ($1.55) on Tuesday. Warehouse REIT has a one year low of GBX 1.04 ($0.01) and a one year high of GBX 118 ($1.55). The firm has a market capitalization of $283.50 million and a price-to-earnings ratio of 15.53. The business has a 50-day simple moving average of GBX 114.73 and a 200 day simple moving average of GBX 107.25. The company has a debt-to-equity ratio of 63.77, a current ratio of 1.13 and a quick ratio of 1.12.

The company also recently announced a dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, February 27th will be given a GBX 1.60 ($0.02) dividend. This represents a yield of 1.36%. This is a positive change from Warehouse REIT’s previous dividend of $1.50. The ex-dividend date of this dividend is Thursday, February 27th. Warehouse REIT’s payout ratio is presently 0.79%.

In related news, insider Stephen Barrow acquired 100,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average cost of GBX 108 ($1.42) per share, with a total value of £108,000 ($142,067.88). Also, insider Aimee Pitman acquired 47,348 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were bought at an average cost of GBX 106 ($1.39) per share, with a total value of £50,188.88 ($66,020.63).

About Warehouse REIT

Warehouse REIT plc is a real estate investment trust. The firm invests in the real estate markets of United Kingdom. It makes investments in UK urban warehouses. Warehouse REIT Plc was founded in July 24, 2017 and is based in Chester, United Kingdom with an additional office in London, United Kingdom.

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