Urban Logistics REIT (LON:SHED) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Urban Logistics REIT (LON:SHED) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 142 ($1.80) price target on the stock.

Separately, Shore Capital reiterated a buy rating on shares of Urban Logistics REIT in a research report on Thursday, March 14th.

Urban Logistics REIT Stock Down 1.5 %

LON SHED opened at GBX 118.40 ($1.50) on Tuesday. Urban Logistics REIT has a 52 week low of GBX 98.10 ($1.24) and a 52 week high of GBX 131 ($1.66). The company has a quick ratio of 2.30, a current ratio of 1.67 and a debt-to-equity ratio of 46.83. The company has a market capitalization of £451.36 million, a P/E ratio of -845.71 and a beta of 0.82. The stock’s 50-day moving average price is GBX 119.78 and its 200-day moving average price is GBX 119.59.

Urban Logistics REIT Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 27th will be paid a GBX 4.35 ($0.06) dividend. This is a positive change from Urban Logistics REIT’s previous dividend of $3.25. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 3.55%. Urban Logistics REIT’s dividend payout ratio is -5,714.29%.

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.