Warehouse REIT Announces Dividend of GBX 1.60 (LON:WHR)

Warehouse REIT (LON:WHR) announced a dividend on Thursday, August 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 5th will be paid a dividend of GBX 1.60 ($0.02) per share on Friday, October 4th. This represents a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, September 5th. The official announcement can be viewed at this link.

Warehouse REIT Stock Performance

Shares of WHR remained flat at GBX 86 ($1.13) during trading hours on Thursday. 606,462 shares of the stock were exchanged, compared to its average volume of 924,032. The stock has a market capitalization of £365.38 million, a price-to-earnings ratio of -318.52, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. Warehouse REIT has a 1 year low of GBX 68 ($0.90) and a 1 year high of GBX 92.90 ($1.23). The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 55.11. The stock has a 50-day moving average of GBX 84.76 and a two-hundred day moving average of GBX 82.10.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 108 ($1.42) target price on shares of Warehouse REIT in a research note on Monday, June 24th. Shore Capital reissued a “hold” rating on shares of Warehouse REIT in a research note on Monday, June 24th.

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.