Warehouse REIT (LON:WHR) Reaches New 1-Year High – Should You Buy?

Warehouse REIT (LON:WHR)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 104 ($1.35) and last traded at GBX 103.40 ($1.34), with a volume of 40795422 shares changing hands. The stock had previously closed at GBX 101.80 ($1.32).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of Warehouse REIT in a research report on Tuesday, February 11th.

Warehouse REIT Stock Performance

The company’s 50-day moving average is GBX 83.41 and its 200-day moving average is GBX 84.43. The firm has a market cap of £439.72 million, a price-to-earnings ratio of 1.01, a P/E/G ratio of 1.79 and a beta of 0.91.

Warehouse REIT Company Profile

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.