Urban Logistics REIT (LON:SHED) Trading Down 0.1% - What's Next?

Urban Logistics REIT (LON:SHED - Get Free Report)'s share price fell 0.1% during mid-day trading on Thursday . The stock traded as low as GBX 107 ($1.35) and last traded at GBX 107.95 ($1.36). 5,315,907 shares traded hands during trading, an increase of 279% from the average session volume of 1,401,834 shares. The stock had previously closed at GBX 108 ($1.36).

Wall Street Analysts Forecast Growth

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

Urban Logistics REIT Trading Down 0.9 %

The stock has a market capitalization of £505.02 million, a price-to-earnings ratio of 2,140.00 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. The company has a fifty day moving average of GBX 114.38 and a two-hundred day moving average of GBX 119.31.

Urban Logistics REIT Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 21st will be given a GBX 3.25 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 2.93%. Urban Logistics REIT's dividend payout ratio (DPR) is currently 16,000.00%.

Urban Logistics REIT Company Profile

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.