Urban Logistics REIT’s (SHED) “Buy” Rating Reiterated at Shore Capital

Urban Logistics REIT (LON:SHED)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a note issued to investors on Friday,London Stock Exchange reports.

Urban Logistics REIT Price Performance

LON:SHED traded up GBX 0.20 ($0.00) during midday trading on Friday, hitting GBX 127.80 ($1.66). 3,388,141 shares of the stock were exchanged, compared to its average volume of 3,709,648. The business has a 50-day moving average price of GBX 113.23 and a two-hundred day moving average price of GBX 113.94. The company has a current ratio of 1.85, a quick ratio of 2.30 and a debt-to-equity ratio of 47.33. The company has a market capitalization of £593.20 million, a price-to-earnings ratio of 24.33 and a beta of 0.89. Urban Logistics REIT has a one year low of GBX 97.60 ($1.27) and a one year high of GBX 134.40 ($1.74).

Urban Logistics REIT Company Profile

Urban Logistics REIT plc is a property investment company, quoted on the Main Market of the London Stock Exchange, (LON: SHED).

The Company invests in UK-based logistics properties with the objective of generating attractive dividends and capital returns for its shareholders. Its investment strategy focuses on strategically located smaller single let logistics properties servicing high-quality tenants.