Urban Logistics REIT (LON:SHED) Trading 0.2% Higher - What's Next?

Urban Logistics REIT (LON:SHED - Get Free Report) shares rose 0.2% on Wednesday . The company traded as high as GBX 105 ($1.29) and last traded at GBX 104 ($1.28). Approximately 2,254,573 shares were traded during trading, a decline of 36% from the average daily volume of 3,539,931 shares. The stock had previously closed at GBX 103.80 ($1.28).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "buy" rating on shares of Urban Logistics REIT in a report on Thursday, November 7th.

Urban Logistics REIT Stock Up 2.2 %

The business has a fifty day moving average of GBX 104.60 and a 200 day moving average of GBX 115.03. 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 £517.29 million, a price-to-earnings ratio of 2,192.00 and a beta of 0.89.

Urban Logistics REIT (LON:SHED - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported GBX 3.57 ($0.04) earnings per share (EPS) for the quarter. Urban Logistics REIT had a return on equity of 3.24% and a net margin of 41.27%. As a group, equities analysts predict that Urban Logistics REIT will post 8.3690514 earnings per share for the current year.

Urban Logistics REIT Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were paid a GBX 3.25 ($0.04) dividend. This represents a dividend yield of 2.93%. The ex-dividend date of this dividend was Thursday, November 21st. Urban Logistics REIT's dividend payout ratio (DPR) is 16,000.00%.

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.