Urban Logistics REIT (LON:SHED) Hits New 1-Year High – Still a Buy?

Urban Logistics REIT (LON:SHED)’s stock price reached 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 trading hands. The stock had previously closed at GBX 125.80 ($1.63).

Analyst Ratings Changes

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

Urban Logistics REIT Stock Up 3.2 %

The firm has a fifty day simple moving average of GBX 109.31 and a 200 day simple moving average of GBX 113.51. The company has a debt-to-equity ratio of 47.33, a quick ratio of 2.30 and a current ratio of 1.85. The company has a market cap of £602.48 million, a PE ratio of 24.71 and a beta of 0.89.

About Urban Logistics REIT

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.