Urban Logistics REIT (LON:SHED) Stock Price Down 0.2%

Shares of Urban Logistics REIT (LON:SHED) were down 0.2% during mid-day trading on Monday . The company traded as low as GBX 118 ($1.55) and last traded at GBX 120 ($1.58). Approximately 464,634 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 1,124,844 shares. The stock had previously closed at GBX 120.20 ($1.58).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 142 ($1.87) price objective on shares of Urban Logistics REIT in a research note on Tuesday, July 2nd.

Urban Logistics REIT Price Performance

The business’s fifty day simple moving average is GBX 121.60 and its 200 day simple moving average is GBX 118.96. The company has a debt-to-equity ratio of 46.83, a quick ratio of 2.30 and a current ratio of 1.67. The stock has a market cap of £449.84 million, a price-to-earnings ratio of -841.43 and a beta of 0.82.

Urban Logistics REIT Increases Dividend

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

Insider Activity at Urban Logistics REIT

In related news, insider Bruce Anderson bought 23,000 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of GBX 119 ($1.56) per share, with a total value of £27,370 ($35,989.48). Insiders own 4.37% of the company’s stock.

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.