Urban Logistics REIT (LON:SHED) Trading Down 0.1% – Should You Sell?

Urban Logistics REIT (LON:SHED)’s stock price was down 0.1% on Thursday . The company traded as low as GBX 107 ($1.36) and last traded at GBX 107.95 ($1.37). Approximately 5,315,907 shares were traded during mid-day trading, an increase of 279% from the average daily volume of 1,401,834 shares. The stock had previously closed at GBX 108 ($1.37).

Analyst Ratings Changes

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

Urban Logistics REIT Price Performance

The firm has a market capitalization of £506.91 million, a P/E ratio of 2,158.92 and a beta of 0.89. 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’s fifty day simple moving average is GBX 114.76 and its 200 day simple moving average is GBX 119.40.

Urban Logistics REIT Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 21st will be issued 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 is presently 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.