Warehouse REIT (LON:WHR) Hits New 52-Week High – Still a Buy?

Warehouse REIT (LON:WHR) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 104 ($1.34) and last traded at GBX 103.40 ($1.33), with a volume of 40795422 shares. The stock had previously closed at GBX 101.80 ($1.31).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Warehouse REIT in a report on Tuesday, February 11th.

Warehouse REIT Price Performance

The business’s 50 day simple moving average is GBX 81.88 and its 200 day simple moving average is GBX 84.04. The stock has a market cap of £438.02 million, a P/E ratio of 1.00, a PEG ratio of 1.79 and a beta of 0.91.

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.