Warehouse REIT plc (LON:WHR) Insider Sells £2,574,797.33 in Stock - MarketBeat - Financial Daily News Site

Warehouse REIT plc (LON:WHR) Insider Sells £2,574,797.33 in Stock – MarketBeat

Warehouse REIT plc (LON:WHR – Get Rating) insider Stephen Barrow sold 1,599,253 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of GBX 161 ($2.03), for a total transaction of £2,574,797.33 ($3,239,961.41).

Shares of LON WHR traded down GBX 0.80 ($0.01) during midday trading on Friday, reaching GBX 161.40 ($2.03). The stock had a trading volume of 435,799 shares, compared to its average volume of 1,044,052. The company’s 50 day moving average price is GBX 164.94 and its 200 day moving average price is GBX 164.55. The company has a debt-to-equity ratio of 42.49, a quick ratio of 1.89 and a current ratio of 1.97. Warehouse REIT plc has a twelve month low of GBX 142.40 ($1.79) and a twelve month high of GBX 178 ($2.24). The firm has a market cap of £685.73 million and a price-to-earnings ratio of 3.92.

The business also recently disclosed a dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st will be paid a GBX 1.75 ($0.02) dividend. The ex-dividend date is Wednesday, June 1st. This represents a dividend yield of 1.04%. This is a positive change from Warehouse REIT’s previous dividend of $1.55. Warehouse REIT’s payout ratio is currently 0.15%.

A number of analysts have weighed in on WHR shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 185 ($2.33) target price on shares of Warehouse REIT in a research note on Tuesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 200 ($2.52) price objective on shares of Warehouse REIT in a report on Thursday, May 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a GBX 160 ($2.01) price target on shares of Warehouse REIT in a research report on Friday, May 13th.


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Warehouse REIT Company Profile (Get Rating)

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.

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