Urban Logistics REIT (LON:SHED) Earns Buy Rating from Shore Capital

Urban Logistics REIT (LON:SHED)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a note issued to investors on Friday,London Stock Exchange reports.

Urban Logistics REIT Trading Down 0.5 %

Shares of SHED opened at GBX 115.40 ($1.49) on Friday. The firm’s 50-day moving average price is GBX 107.72 and its 200-day moving average price is GBX 113.50. The firm has a market capitalization of £535.64 million, a price-to-earnings ratio of 21.97 and a beta of 0.89. 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 has a 1-year low of GBX 97.60 ($1.26) and a 1-year high of GBX 128.60 ($1.66).

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.