Warehouse REIT (LON:WHR) Trading 15.6% Higher – Here’s What Happened

Warehouse REIT (LON:WHR)’s stock price shot up 15.6% on Tuesday . The stock traded as high as GBX 101.90 ($1.29) and last traded at GBX 98.05 ($1.25). 69,942,656 shares traded hands during trading, an increase of 2,195% from the average session volume of 3,048,051 shares. The stock had previously closed at GBX 84.80 ($1.08).

Wall Street Analysts Forecast Growth

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

Warehouse REIT Stock Performance

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 cap of £414.93 million, a price-to-earnings ratio of 0.95, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91.

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.