Urban Logistics REIT (LON:SHED) Stock Price Up 0.2% – Time to Buy?

Urban Logistics REIT (LON:SHED)’s share price rose 0.2% during mid-day trading on Wednesday . The stock traded as high as GBX 105 ($1.31) and last traded at GBX 104 ($1.29). Approximately 2,254,573 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 3,539,931 shares. The stock had previously closed at GBX 103.80 ($1.29).

Analyst Ratings Changes

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

Urban Logistics REIT Stock Up 0.2 %

The company has a debt-to-equity ratio of 47.33, a current ratio of 1.67 and a quick ratio of 2.30. The stock has a market cap of £490.86 million, a price-to-earnings ratio of 2,080.00 and a beta of 0.89. The business has a fifty day moving average of GBX 104.49 and a 200 day moving average of GBX 115.24.

Urban Logistics REIT (LON:SHED) last announced its earnings results on Thursday, November 7th. The company reported GBX 3.57 ($0.04) earnings per share (EPS) for the quarter. Urban Logistics REIT had a net margin of 41.27% and a return on equity of 3.24%. On average, equities analysts predict that Urban Logistics REIT will post 8.3690514 earnings per share for the current year.

Urban Logistics REIT Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were paid a GBX 3.25 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a dividend yield of 2.93%. Urban Logistics REIT’s dividend payout ratio is presently 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.