Warehouse REIT’s (WHR) “Buy” Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of Warehouse REIT (LON:WHR) in a research report sent to investors on Tuesday morning, Marketbeat.com reports.

Warehouse REIT Stock Up 2.2 %

Shares of LON WHR opened at GBX 83.70 ($1.05) on Tuesday. The company’s 50-day simple moving average is GBX 78.97 and its 200-day simple moving average is GBX 83.89. Warehouse REIT has a 52-week low of GBX 74.29 ($0.93) and a 52-week high of GBX 92.80 ($1.17). The firm has a market cap of £354.57 million, a price-to-earnings ratio of 0.81, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91.

Warehouse REIT (LON:WHR) last announced its earnings results on Thursday, November 21st. The company reported GBX 2.90 ($0.04) earnings per share (EPS) for the quarter. Warehouse REIT had a net margin of 856.82% and a return on equity of 81.53%. Equities research analysts anticipate that Warehouse REIT will post 5.74454 EPS for the current fiscal year.

Warehouse REIT Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Thursday, November 28th were given a dividend of GBX 1.60 ($0.02) per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a yield of 1.91%. Warehouse REIT’s payout ratio is presently 5.82%.

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.