Warehouse REIT (LON:WHR) Trading Up 0.5% – What’s Next?

Warehouse REIT (LON:WHR)’s stock price shot up 0.5% on Thursday . The company traded as high as GBX 81.37 ($1.03) and last traded at GBX 80.30 ($1.02). 1,397,559 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 956,793 shares. The stock had previously closed at GBX 79.90 ($1.01).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “hold” rating on shares of Warehouse REIT in a research note on Thursday, November 21st.

Warehouse REIT Stock Up 0.5 %

The firm has a market cap of £341.16 million, a price-to-earnings ratio of 1,003.75, a PEG ratio of 1.79 and a beta of 0.91. The company has a quick ratio of 0.71, a current ratio of 5.48 and a debt-to-equity ratio of 55.20. The firm has a fifty day moving average price of GBX 85.21 and a 200-day moving average price of GBX 84.96.

Warehouse REIT Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, November 28th will be paid a GBX 1.60 ($0.02) dividend. This represents a yield of 1.91%. The ex-dividend date is Thursday, November 28th. Warehouse REIT’s payout ratio is 7,500.00%.

About Warehouse REIT

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.