Warehouse REIT plc (LON:WHR) Insider Acquires £30,050.90 in Stock

Warehouse REIT plc (LON:WHR – Get Rating) insider Aimee Pitman bought 17,677 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was purchased at an average price of GBX 170 ($2.14) per share, for a total transaction of £30,050.90 ($37,814.14).

WHR stock traded up GBX 9.32 ($0.12) during midday trading on Tuesday, hitting GBX 167.12 ($2.10). 3,210,173 shares of the company’s stock were exchanged, compared to its average volume of 1,038,828. The business has a 50-day simple moving average of GBX 164.85 and a two-hundred day simple moving average of GBX 164.53. The company has a current ratio of 1.97, a quick ratio of 1.89 and a debt-to-equity ratio of 42.49. The stock has a market capitalization of £710.03 million and a PE ratio of 4.05. Warehouse REIT plc has a 1-year low of GBX 136.20 ($1.71) and a 1-year high of GBX 178 ($2.24).

The company also recently disclosed a dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st will be paid a GBX 1.75 ($0.02) dividend. The ex-dividend date of this dividend is Wednesday, June 1st. This is a boost from Warehouse REIT’s previous dividend of $1.55. This represents a dividend yield of 1.04%. Warehouse REIT’s payout ratio is presently 0.15%.

A number of equities analysts recently commented on WHR shares. Berenberg Bank reiterated a “buy” rating and set a GBX 200 ($2.52) price objective on shares of Warehouse REIT in a research report on Thursday, May 5th. Peel Hunt reiterated a “buy” rating and set a GBX 185 ($2.33) price objective on shares of Warehouse REIT in a research report on Tuesday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 160 ($2.01) price objective on shares of Warehouse REIT in a research report on Friday, May 13th.

Warehouse REIT Company Profile (Get Rating)

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.

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