Warehouse REIT (LON:WHR – Get a rating) was downgraded by equity research analysts at Royal Bank of Canada to an “underperforming” rating in a research report released Tuesday, MarketBeat.com reports. They currently have a GBX 120 ($1.43) price target on the stock, down from their previous price target of GBX 155 ($1.84). Royal Bank of Canada’s price target indicates a potential decline of 15.49% from the company’s previous close.
Several other research companies have also recently weighed in on WHR. Peel Hunt reiterated a “buy” rating and set a GBX 185 ($2.20) price target on Warehouse REIT shares in a Tuesday, May 24 research report. Shore Capital reissued a “buy” rating on Warehouse REIT shares in a Tuesday, June 28 report. Finally, Berenberg Bank raised its price target on Warehouse REIT shares from GBX 200 ($2.38) to GBX 205 ($2.44) and gave the company a “buy” rating in a research report. Friday, May 27. One analyst has rated the stock with a sell rating and four have issued a buy rating for the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of 168.75 GBX ($2.01).
LON: WHR fell GBX 4.60 ($0.05) during midday trading on Tuesday, hitting GBX 142 ($1.69). 646,688 shares were traded, against an average volume of 1,016,972. The company’s 50-day simple moving average is 154.01 GBX and its 200-day simple moving average is 161.24 GBX. The stock has a market cap of £603.30 million and a price to earnings ratio of 315.56. Warehouse REIT has a fifty-two week minimum of 140.20 GBX ($1.67) and a fifty-two week maximum of 178 GBX ($2.12). The company has a debt ratio of 38.31, a quick ratio of 1.58 and a current ratio of 1.77.
In related news, insider Stephen Barrow sold 1,599,253 shares of the company in a trade on Thursday, May 26. The stock was sold at an average price of 161 GBX ($1.91), for a total transaction of £2,574,797.33 ($3,062,318.42). Additionally, insider Aimee Pitman bought 17,677 shares in a trade on Tuesday, May 24. The shares were acquired at an average cost of 170 GBX ($2.02) per share, with a total value of £30,050.90 ($35,740.84).
Warehouse REIT Company Profile (Get a rating)
Warehouse REIT plc owns and manages a diversified portfolio of warehouse property assets in UK urban areas. It is an attractive market. The structural rise of e-commerce and investment in ‘last mile’ delivery are contributing to strong tenant demand, while limited vacancies and our active asset management are driving rent increases.
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