Ecommerce stores warehouse

Warehouse REIT (LON:WHR) receives a buy rating from Shore Capital


Warehouse REIT (LON:WHRGet a rating)The stock had its “buy” rating reaffirmed by investment analysts Shore Capital in a research note released Friday to investors, Market assessments reports.

A number of other research analysts also commented on the company. Berenberg Bank raised its price target on Warehouse REIT from 200 GBX ($2.41) to 205 GBX ($2.47) and gave the company a “buy” rating in a Friday, May 27 report. Peel Hunt reissued a “buy” rating and set a price target of 185 GBX ($2.23) on Warehouse REIT shares in a Tuesday, May 24 report. Finally, Royal Bank of Canada downgraded Warehouse REIT to an “underperforming” rating and lowered its price target for the company from 155 GBX ($1.87) to 120 GBX ($1.45) in a Tuesday, July 12 report. One equity research analyst gave the stock a sell rating and four gave the company’s stock a buy rating. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of 168.75 GBX ($2.03).

Warehouse REIT Price Performance

Shares of WHR opened at GBX 151 ($1.82) on Friday. The company has a market cap of £641.54 million and a price to earnings ratio of 335.56. The company has a debt ratio of 38.31, a quick ratio of 1.58 and a current ratio of 1.77. Warehouse REIT has a one-year minimum of 139.20 GBX ($1.68) and a one-year maximum of 178 GBX ($2.14). The stock’s fifty-day moving average is 150.53 GBX and its 200-day moving average is 158.68 GBX.

Insider buying and selling

In related news, insider Aimee Pitman bought 17,677 shares of the company in a trade that took place on Tuesday, May 24. The shares were purchased at an average price of 170 GBX ($2.05) per share, with a total value of £30,050.90 ($36,205.90). In related news, insider Aimee Pitman bought 17,677 shares of the company in a trade that took place on Tuesday, May 24. The shares were purchased at an average price of 170 GBX ($2.05) per share, with a total value of £30,050.90 ($36,205.90). Additionally, insider Stephen Barrow bought 17,257 shares of the company in a trade that took place on Friday, July 1. The share was purchased at an average cost of 145 GBX ($1.75) per share, for a total transaction of £25,022.65 ($30,147.77).

About Warehouse REIT

(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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Analyst Recommendations for Warehouse REIT (LON:WHR)



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