Urban Logistics REIT (LON:SHED) Declares Dividend of GBX 3.25

Urban Logistics REIT (LON:SHED - Get Free Report) declared a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 3.25 ($0.04) per share on Friday, December 13th. This represents a yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 21st. The official announcement can be seen at this link.

Urban Logistics REIT Stock Performance

SHED stock remained flat at GBX 111 ($1.44) during mid-day trading on Thursday. 1,045,761 shares of the company's stock traded hands, compared to its average volume of 1,261,266. The stock's 50 day moving average is GBX 121.90 and its two-hundred day moving average is GBX 120.92. Urban Logistics REIT has a 52-week low of GBX 105 ($1.37) and a 52-week high of GBX 131 ($1.71). The company has a debt-to-equity ratio of 47.33, a current ratio of 1.67 and a quick ratio of 2.30. The stock has a market capitalization of £523.90 million, a price-to-earnings ratio of 2,220.00 and a beta of 0.89.

Insider Activity

In related news, insider Bruce Anderson purchased 23,000 shares of Urban Logistics REIT stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of GBX 119 ($1.55) per share, for a total transaction of £27,370 ($35,628.74). 4.85% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "buy" rating on shares of Urban Logistics REIT in a research note on Thursday.

About Urban Logistics REIT

Urban Logistics REIT plc (the "Company") and its subsidiaries (the "Group") carry on the business of property lettings throughout the United Kingdom. The Company is a public limited company incorporated and domiciled in England and Wales and listed on the Main Market of the London Stock Exchange.