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

Shore Capital restated their buy rating on shares of Urban Logistics REIT (LON:SHED - Free Report) in a research note issued to investors on Friday morning,London Stock Exchange reports.

Urban Logistics REIT Trading Up 3.0 %

Shares of Urban Logistics REIT stock traded up GBX 3.67 ($0.05) during trading hours on Friday, hitting GBX 125 ($1.62). The company's stock had a trading volume of 2,967,325 shares, compared to its average volume of 3,739,736. The business has a fifty day moving average of GBX 108.38 and a 200 day moving average of GBX 113.45. Urban Logistics REIT has a 1-year low of GBX 97.60 ($1.26) and a 1-year high of GBX 128.60 ($1.66). The company has a quick ratio of 2.30, a current ratio of 1.85 and a debt-to-equity ratio of 47.33. The company has a market capitalization of £580.20 million, a PE ratio of 23.80 and a beta of 0.89.

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.