Urban Logistics REIT (LON:SHED) Sets New 12-Month High – What’s Next?

Urban Logistics REIT (LON:SHED) reached a new 52-week high on Monday . The company traded as high as GBX 140 ($1.85) and last traded at GBX 139.60 ($1.85), with a volume of 6263066 shares. The stock had previously closed at GBX 128 ($1.69).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of Urban Logistics REIT in a report on Friday, March 21st.

Urban Logistics REIT Price Performance

The stock’s 50-day simple moving average is GBX 122.20 and its two-hundred day simple moving average is GBX 114.53. The company has a market capitalization of £660.03 million, a price-to-earnings ratio of 27.07 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.

Urban Logistics REIT Company Profile

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.