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

Shore Capital reiterated their buy rating on shares of Urban Logistics REIT (LON:SHED) in a research report report published on Tuesday morning, Marketbeat reports.

Separately, Berenberg Bank restated a buy rating and issued a GBX 142 ($1.88) target price on shares of Urban Logistics REIT in a research note on Tuesday, July 2nd.

Urban Logistics REIT Trading Up 1.0 %

Shares of SHED stock opened at GBX 125.40 ($1.66) on Tuesday. The company has a quick ratio of 2.30, a current ratio of 1.67 and a debt-to-equity ratio of 46.83. The firm has a market cap of £478.05 million, a P/E ratio of -895.71 and a beta of 0.82. The company has a 50 day moving average of GBX 122.21 and a 200-day moving average of GBX 119.05. Urban Logistics REIT has a 12-month low of GBX 98.10 ($1.30) and a 12-month high of GBX 131 ($1.73).

Insider Activity at Urban Logistics REIT

In other Urban Logistics REIT news, insider Bruce Anderson acquired 23,000 shares of Urban Logistics REIT stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of GBX 119 ($1.57) per share, for a total transaction of £27,370 ($36,155.88). 4.37% of the stock is currently owned by corporate insiders.

Urban Logistics REIT Company Profile

Urban Logistics REIT plc (the "Company") and its subsidiaries (the "Group") carry on the business of property lettings throughout the United Kingdom. The Company is a public limited company incorporated and domiciled in England and Wales and listed on the Main Market of the London Stock Exchange.