Shore Capital Reiterates “Buy” Rating for Urban Logistics REIT (LON:SHED)

Shore Capital restated their buy rating on shares of Urban Logistics REIT (LON:SHED) in a research report released on Thursday morning, Marketbeat reports.

Urban Logistics REIT Price Performance

SHED stock opened at GBX 111.80 ($1.46) on Thursday. Urban Logistics REIT has a 52-week low of GBX 105 ($1.37) and a 52-week high of GBX 131 ($1.71). The stock’s fifty day simple moving average is GBX 121.59 and its 200-day simple moving average is GBX 120.86. The company has a quick ratio of 2.30, a current ratio of 1.67 and a debt-to-equity ratio of 47.33. The stock has a market capitalization of £527.67 million, a price-to-earnings ratio of 2,236.00 and a beta of 0.89.

Urban Logistics REIT Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be issued a dividend of GBX 3.25 ($0.04) per share. This represents a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 21st. Urban Logistics REIT’s dividend payout ratio (DPR) is 16,000.00%.

About Urban Logistics REIT

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.