Warehouse REIT (LON:WHR) Hits New 1-Year High – Still a Buy?

Warehouse REIT (LON:WHR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 108.40 ($1.40) and last traded at GBX 104.60 ($1.35), with a volume of 59318047 shares changing hands. The stock had previously closed at GBX 102.40 ($1.32).

Wall Street Analysts Forecast Growth

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

Warehouse REIT Stock Performance

The stock has a fifty day simple moving average of GBX 88.33 and a two-hundred day simple moving average of GBX 85.55. The stock has a market cap of £463.44 million, a PE ratio of 1.06, a PEG 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.