Warehouse REIT (LON:WHR) Earns “Buy” Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Warehouse REIT (LON:WHR) in a research report report published on Wednesday, Marketbeat reports.

Warehouse REIT Stock Up 2.5 %

Shares of WHR stock opened at GBX 83 ($1.02) on Wednesday. Warehouse REIT has a 12 month low of GBX 68 ($0.84) and a 12 month high of GBX 119.60 ($1.47). The stock has a market cap of £352.63 million, a P/E ratio of -193.02, a P/E/G ratio of 2.56 and a beta of 0.80. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 61.11. The company has a 50 day simple moving average of GBX 79.08 and a two-hundred day simple moving average of GBX 85.97.

Warehouse REIT Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a dividend of GBX 1.60 ($0.02) per share. This represents a yield of 1.85%. The ex-dividend date is Thursday, November 30th. Warehouse REIT’s dividend payout ratio is presently -1,395.35%.

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.