Warehouse REIT plc (LON:WHR – Get a rating) insider Stephen Barrow sold 1,599,253 shares of the company in a trade dated Thursday, May 26. The shares were sold at an average price of 161 GBX ($2.03), for a total transaction of £2,574,797.33 ($3,239,961.41).
Shares of LON WHR were down 0.80 GBX ($0.01) at midday Friday, hitting 161.40 GBX ($2.03). The stock recorded a trading volume of 435,799 shares, compared to an average volume of 1,044,052 shares. The company’s 50-day rolling average price is 164.94 GBX and its 200-day rolling average price is 164.55 GBX. The company has a debt ratio of 42.49, a quick ratio of 1.89 and a current ratio of 1.97. Warehouse REIT plc has a 12-month low of 142.40 GBX ($1.79) and a 12-month high of 178 GBX ($2.24). The company has a market capitalization of £685.73 million and a price to earnings ratio of 3.92.
The company also recently announced a dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 1 will receive a dividend of 1.75 GBX ($0.02). The posting date is Wednesday, June 1. This represents a dividend yield of 1.04%. This is a positive change from Warehouse REIT’s previous dividend of $1.55. Warehouse REIT’s payout ratio is currently 0.15%.
A number of analysts have weighed in on WHR shares. Peel Hunt reaffirmed a “buy” rating and set a target price of 185 GBX ($2.33) on Warehouse REIT shares in a research note on Tuesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 200 ($2.52) price target on Warehouse REIT shares in a Thursday, May 5 report. Finally, Royal Bank of Canada reaffirmed an “sector performance” rating and issued a GBX 160 ($2.01) price target on Warehouse REIT shares in a research report on Friday, May 13.
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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