Urban Logistics REIT (LON:SHED) Trading Down 0.8% – Here’s Why

Urban Logistics REIT (LON:SHED) fell 0.8% on Tuesday . The stock traded as low as GBX 119 ($1.54) and last traded at GBX 120 ($1.56). 907,123 shares were traded during mid-day trading, a decline of 28% from the average session volume of 1,254,691 shares. The stock had previously closed at GBX 121 ($1.57).

Analysts Set New Price Targets

Several brokerages have recently weighed in on SHED. Berenberg Bank restated a “buy” rating and issued a GBX 142 ($1.84) price objective on shares of Urban Logistics REIT in a report on Tuesday, July 2nd. Shore Capital restated a “buy” rating on shares of Urban Logistics REIT in a report on Tuesday, September 17th.

Urban Logistics REIT Price Performance

The company has a quick ratio of 2.30, a current ratio of 1.67 and a debt-to-equity ratio of 47.33. The firm has a market cap of £566.38 million, a P/E ratio of 2,400.00 and a beta of 0.89. The business has a fifty day moving average of GBX 122.53 and a 200 day moving average of GBX 120.61.

Insider Buying and Selling

In other Urban Logistics REIT news, insider Bruce Anderson purchased 23,000 shares of Urban Logistics REIT stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of GBX 119 ($1.54) per share, for a total transaction of £27,370 ($35,494.75). 4.85% 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.