Warehouse REIT (LON:WHR) Shares Up 15.6% – Time to Buy?

Warehouse REIT (LON:WHR) rose 15.6% during mid-day trading on Tuesday . The company traded as high as GBX 101.90 ($1.29) and last traded at GBX 98.05 ($1.25). Approximately 69,942,656 shares were traded during mid-day 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 ($1.08).

Analyst Upgrades and Downgrades

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

Warehouse REIT Stock Up 15.5 %

The business’s 50 day simple moving average is GBX 79.90 and its 200 day simple moving average is GBX 83.65. The company has a market capitalization of £414.93 million, a PE ratio of 0.95, 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.