Shore Capital Reaffirms Hold Rating for Warehouse REIT (LON:WHR)

Shore Capital reissued their hold rating on shares of Warehouse REIT (LON:WHR) in a report issued on Monday morning, Marketbeat reports.

Separately, Jefferies Financial Group reiterated a buy rating and set a GBX 108 ($1.37) price target on shares of Warehouse REIT in a research report on Monday.

Warehouse REIT Price Performance

Shares of LON WHR opened at GBX 81 ($1.03) on Monday. The company has a market capitalization of £344.14 million, a price-to-earnings ratio of -300.00, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The business has a 50 day simple moving average of GBX 81.47 and a 200-day simple moving average of GBX 82.66. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 55.11. Warehouse REIT has a twelve month low of GBX 68 ($0.86) and a twelve month high of GBX 93 ($1.18).

Warehouse REIT Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, July 4th will be given a dividend of GBX 1.60 ($0.02) per share. This represents a dividend yield of 1.99%. The ex-dividend date is Thursday, July 4th. Warehouse REIT’s dividend payout ratio (DPR) is presently -2,222.22%.

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.