Warehouse REIT (LON:WHR) Shares Down 0.6%

Warehouse REIT (LON:WHR) traded down 0.6% on Tuesday . The company traded as low as GBX 85.90 ($1.13) and last traded at GBX 86 ($1.13). 385,672 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 926,247 shares. The stock had previously closed at GBX 86.50 ($1.14).

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Shore Capital reaffirmed a “hold” rating on shares of Warehouse REIT in a research note on Monday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 108 ($1.42) price objective on shares of Warehouse REIT in a research note on Monday, June 24th.

Warehouse REIT Stock Performance

The business has a 50 day moving average of GBX 84.89 and a 200 day moving average of GBX 82.13. The company has a market capitalization of £365.38 million, a P/E ratio of -318.52, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 55.11.

Warehouse REIT Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be paid a dividend of GBX 1.60 ($0.02) per share. This represents a yield of 1.86%. The ex-dividend date of this dividend is Thursday, September 5th. Warehouse REIT’s payout ratio is presently -2,222.22%.

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.