Urban Logistics REIT (LON:SHED) Reaches New 52-Week High - Here's What Happened

Urban Logistics REIT (LON:SHED - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 146.80 ($1.96) and last traded at GBX 146.40 ($1.96), with a volume of 549250 shares changing hands. The stock had previously closed at GBX 145.40 ($1.95).

Wall Street Analyst Weigh In

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

Urban Logistics REIT Stock Performance

The company has a debt-to-equity ratio of 47.33, a current ratio of 1.85 and a quick ratio of 2.30. The stock's 50-day moving average is GBX 124.89 and its 200 day moving average is GBX 114.96. The stock has a market cap of £676.86 million, a price-to-earnings ratio of 27.76 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.