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Urban Logistics REIT's (SHED) "Buy" Rating Reiterated at Shore Capital

Urban Logistics REIT logo with Real Estate background
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Urban Logistics REIT (LON:SHED - Get Free Report)'s stock had its "buy" rating reissued by Shore Capital in a research report issued on Friday, Marketbeat reports.

Urban Logistics REIT Price Performance

Shares of Urban Logistics REIT stock traded up GBX 1 ($0.01) on Friday, hitting GBX 129.40 ($1.67). 14,715,202 shares of the company traded hands, compared to its average volume of 3,856,389. Urban Logistics REIT has a 52 week low of GBX 97.60 ($1.26) and a 52 week high of GBX 134.40 ($1.74). The business has a 50-day simple moving average of GBX 114.32 and a 200 day simple moving average of GBX 113.99. The company has a debt-to-equity ratio of 47.33, a quick ratio of 2.30 and a current ratio of 1.85. The stock has a market capitalization of £600.62 million, a P/E ratio of 24.63 and a beta of 0.89.

About Urban Logistics REIT

(Get Free Report)

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.

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