Urban Logistics REIT’s (SHED) “Buy” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Urban Logistics REIT (LON:SHED) in a report published on Thursday morning, MarketBeat.com reports.

Urban Logistics REIT Stock Performance

SHED opened at GBX 111.80 ($1.46) on Thursday. The stock has a market cap of £527.67 million, a P/E ratio of 2,236.00 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 50 day simple moving average is GBX 121.59 and its 200 day simple moving average is GBX 120.86. Urban Logistics REIT has a 1-year low of GBX 105 ($1.37) and a 1-year high of GBX 131 ($1.71).

Urban Logistics REIT Cuts Dividend

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