Urban Logistics REIT (LON:SHED) Hits New 12-Month Low – What’s Next?
by Renee Jackson · The Cerbat GemUrban Logistics REIT (LON:SHED – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 98.90 ($1.21) and last traded at GBX 99 ($1.21), with a volume of 2886049 shares trading hands. The stock had previously closed at GBX 101.20 ($1.24).
Analysts Set New Price Targets
Separately, Shore Capital restated a “buy” rating on shares of Urban Logistics REIT in a research report on Thursday, November 7th.
Check Out Our Latest Research Report on SHED
Urban Logistics REIT Stock Performance
The company has a market cap of £475.76 million, a P/E ratio of 2,016.00 and a beta of 0.89. The business has a fifty day moving average of GBX 106.95 and a 200 day moving average of GBX 116.93. 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 Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were given a dividend of GBX 3.25 ($0.04) per share. This represents a yield of 2.93%. The ex-dividend date was Thursday, November 21st. Urban Logistics REIT’s dividend payout ratio is currently 16,000.00%.
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.
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