Urban Logistics REIT (LON:SHED - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 98.90 ($1.22) and last traded at GBX 99 ($1.22), with a volume of 2886049 shares. The stock had previously closed at GBX 101.20 ($1.25).
Analysts Set New Price Targets
Separately, Shore Capital reiterated a "buy" rating on shares of Urban Logistics REIT in a research report on Thursday, November 7th.
Get Our Latest Analysis on Urban Logistics REIT
Urban Logistics REIT Stock Performance
The company's fifty day simple moving average is GBX 107.29 and its 200 day simple moving average is GBX 117.09. The stock has a market capitalization of £467.26 million, a P/E ratio of 1,980.00 and a beta of 0.89. The company has a current ratio of 1.67, a quick ratio of 2.30 and a debt-to-equity ratio of 47.33.
Urban Logistics REIT Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were paid a dividend of GBX 3.25 ($0.04) per share. This represents a yield of 2.93%. The ex-dividend date was Thursday, November 21st. Urban Logistics REIT's dividend payout ratio is 16,000.00%.
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.
Further Reading
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