Warehouse REIT - WHR Share Forecast, Price & News

Warehouse REIT plc owns and manages a diversified portfolio of warehouse real estate assets in UK urban areas. This is a compelling market. The structural rise in e-commerce and investment in 'last-mile' delivery contribute to high tenant demand, while limited vacant space and our active asset management lead to growing rents. Capturing this income allows us to offer our shareholders an attractive dividend and the prospect of capital and further dividend growth. Our portfolio of well-located assets is let to occupiers ranging from pure e-commerce to traditional light industrial. As we expand, our vision is for Warehouse REIT to become the warehouse provider of choice across the UK.

Warehouse REIT Stock Performance

Shares of WHR Stock opened at GBX 163.80 ($1.98) on Monday. The business has a fifty day moving average of GBX 149.61 and a 200 day moving average of GBX 158.01. Warehouse REIT has a 1 year low of GBX 139.20 ($1.68) and a 1 year high of GBX 178 ($2.15). The company has a debt-to-equity ratio of 38.31, a current ratio of 1.77 and a quick ratio of 1.58. The firm has a market capitalization of £695.92 million and a price-to-earnings ratio of 348.89.

Warehouse REIT Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 1st were given a GBX 1.75 ($0.02) dividend. The ex-dividend date was Wednesday, June 1st. This represents a yield of 1.04%. This is a positive change from Warehouse REIT's previous dividend of $1.55. Warehouse REIT's dividend payout ratio is currently 13.78%.

Wall Street Analyst Weigh In

Several research firms recently commented on WHR. Shore Capital reiterated a "buy" rating on shares of Warehouse REIT in a research note on Friday, July 29th. Berenberg Bank upped their price target on Warehouse REIT from GBX 200 ($2.42) to GBX 205 ($2.48) and gave the stock a "buy" rating in a research report on Friday, May 27th. Royal Bank of Canada reissued an "underperform" rating and issued a GBX 120 ($1.45) price objective on shares of Warehouse REIT in a research report on Wednesday, August 10th. Finally, Peel Hunt restated a "buy" rating and set a GBX 185 ($2.24) price objective on shares of Warehouse REIT in a report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of GBX 168.75 ($2.04).

Insider Buying and Selling at Warehouse REIT

In other Warehouse REIT news, insider Stephen Barrow bought 17,257 shares of Warehouse REIT stock in a transaction that occurred on Friday, July 1st. The stock was purchased at an average price of GBX 145 ($1.75) per share, with a total value of £25,022.65 ($30,235.20). In related news, insider Stephen Barrow purchased 17,257 shares of the firm's stock in a transaction on Friday, July 1st. The stock was bought at an average cost of GBX 145 ($1.75) per share, with a total value of £25,022.65 ($30,235.20). Also, insider Aimee Pitman acquired 17,677 shares of the stock in a transaction on Tuesday, May 24th. The stock was bought at an average price of GBX 170 ($2.05) per share, for a total transaction of £30,050.90 ($36,310.90).