Urban Logistics REIT (LON:SHED) Hits New 1-Year High – Here’s What Happened

Shares of Urban Logistics REIT (LON:SHED) hit a new 52-week high on Wednesday . The stock traded as high as GBX 134.40 ($1.74) and last traded at GBX 132 ($1.71), with a volume of 2990406 shares changing hands. The stock had previously closed at GBX 125.80 ($1.63).

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Urban Logistics REIT in a report on Friday, March 7th.

Urban Logistics REIT Price Performance

The company has a market capitalization of £609.90 million, a PE ratio of 25.01 and a beta of 0.89. The firm has a fifty day moving average of GBX 110.37 and a two-hundred day moving average of GBX 113.61. The company has a current ratio of 1.85, a quick ratio of 2.30 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.