Warehouse REIT (LON:WHR) Receives Buy Rating from Shore Capital

Warehouse REIT (LON:WHR – Get Rating)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a research note issued to investors on Friday, MarketBeat Ratings reports.

A number of other research analysts have also commented on the company. Berenberg Bank raised their price target on Warehouse REIT from GBX 200 ($2.41) to GBX 205 ($2.47) and gave the company a “buy” rating in a report on Friday, May 27th. Peel Hunt reissued a “buy” rating and set a GBX 185 ($2.23) price target on shares of Warehouse REIT in a report on Tuesday, May 24th. Finally, Royal Bank of Canada lowered Warehouse REIT to an “underperform” rating and lowered their price target for the company from GBX 155 ($1.87) to GBX 120 ($1.45) in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 168.75 ($2.03).

Warehouse REIT Price Performance

Shares of WHR opened at GBX 151 ($1.82) on Friday. The firm has a market capitalization of £641.54 million and a price-to-earnings ratio of 335.56. The company has a debt-to-equity ratio of 38.31, a quick ratio of 1.58 and a current ratio of 1.77. Warehouse REIT has a one year low of GBX 139.20 ($1.68) and a one year high of GBX 178 ($2.14). The stock’s fifty day moving average is GBX 150.53 and its 200-day moving average is GBX 158.68.

Insider Buying and Selling

In related news, insider Aimee Pitman purchased 17,677 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The shares were purchased at an average price of GBX 170 ($2.05) per share, with a total value of £30,050.90 ($36,205.90). In related news, insider Aimee Pitman purchased 17,677 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The shares were purchased at an average price of GBX 170 ($2.05) per share, with a total value of £30,050.90 ($36,205.90). Also, insider Stephen Barrow purchased 17,257 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The stock was bought at an average cost of GBX 145 ($1.75) per share, for a total transaction of £25,022.65 ($30,147.77).

About Warehouse REIT

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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.