Warehouse REIT (LON:WHR) Shares Up 5.4% - Still a Buy?

Shares of Warehouse REIT (LON:WHR - Get Free Report) traded up 5.4% on Monday . The company traded as high as GBX 106.40 ($1.44) and last traded at GBX 106 ($1.44). 7,143,393 shares changed hands during trading, an increase of 186% from the average session volume of 2,493,496 shares. The stock had previously closed at GBX 100.60 ($1.37).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of Warehouse REIT in a report on Tuesday, February 11th.

Warehouse REIT Stock Down 0.2%

The business has a 50 day simple moving average of GBX 104.08 and a 200 day simple moving average of GBX 91.74. The company has a market capitalization of £451.58 million, a PE ratio of 1.03, 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.