Warehouse REIT (LON:WHR) Trading 15.6% Higher – Here’s What Happened

Warehouse REIT (LON:WHR) was up 15.6% during mid-day trading on Tuesday . The stock traded as high as GBX 101.90 ($1.31) and last traded at GBX 98.05 ($1.26). Approximately 69,942,656 shares changed hands during trading, an increase of 2,195% from the average daily volume of 3,048,051 shares. The stock had previously closed at GBX 84.80 ($1.09).

Wall Street Analyst Weigh In

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

Warehouse REIT Trading Down 1.6 %

The firm has a market capitalization of £404.81 million, a price-to-earnings ratio of 0.93, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91. The firm has a 50 day moving average price of GBX 80.67 and a two-hundred day moving average price of GBX 83.84.

About Warehouse REIT

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.