Urban Logistics REIT (LON:SHED) Stock Price Up 3.7% – Here’s What Happened

Urban Logistics REIT (LON:SHED)’s share price rose 3.7% on Friday . The stock traded as high as GBX 133.20 ($1.74) and last traded at GBX 128 ($1.68). Approximately 6,347,796 shares were traded during mid-day trading, an increase of 81% from the average daily volume of 3,510,037 shares. The stock had previously closed at GBX 123.40 ($1.62).

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of Urban Logistics REIT in a research report on Friday, March 21st.

Urban Logistics REIT Stock Up 3.7 %

The firm has a market cap of £594.12 million, a price-to-earnings ratio of 24.37 and a beta of 0.89. The firm has a 50 day moving average of GBX 120.99 and a 200 day moving average of GBX 114.35. The company has a quick ratio of 2.30, a current ratio of 1.85 and a debt-to-equity ratio of 47.33.

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.