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

Urban Logistics REIT (LON:SHED)‘s stock had its “buy” rating reissued by investment analysts at Shore Capital in a research report issued on Friday,London Stock Exchange reports.

Urban Logistics REIT Trading Up 4.6 %

Shares of Urban Logistics REIT stock opened at GBX 121.33 ($1.57) on Friday. Urban Logistics REIT has a 12-month low of GBX 97.60 ($1.26) and a 12-month high of GBX 128.60 ($1.66). The stock has a market cap of £563.16 million, a P/E ratio of 23.10 and a beta of 0.89. The company has a quick ratio of 2.30, a current ratio of 1.85 and a debt-to-equity ratio of 47.33. The business’s 50 day moving average is GBX 108.38 and its 200-day moving average is GBX 113.52.

About Urban Logistics REIT

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.