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

Urban Logistics REIT (LON:SHED)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a research report issued on Thursday,Digital Look reports.

Urban Logistics REIT Trading Up 1.4 %

Shares of LON:SHED opened at GBX 114.20 ($1.42) on Thursday. The business has a 50-day moving average price of GBX 104.71 and a 200-day moving average price of GBX 114.17. The stock has a market cap of £539.00 million, a price-to-earnings ratio of 2,284.00 and a beta of 0.89. Urban Logistics REIT has a 52-week low of GBX 97.60 ($1.21) and a 52-week high of GBX 131 ($1.63). The company has a quick ratio of 2.30, a current ratio of 1.67 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.