Warehouse REIT (LON:WHR) Hits New 52-Week High – Time to Buy?

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

Analyst Ratings Changes

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

Warehouse REIT Stock Up 2.1 %

The firm’s 50 day simple moving average is GBX 87.26 and its 200 day simple moving average is GBX 85.27. The company has a market cap of £443.10 million, a price-to-earnings ratio of 1.01, a price-to-earnings-growth 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.