Urban Logistics REIT (LON:SHED) Shares Up 0.2% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Urban Logistics REIT Price Performance

The firm has a market cap of £490.86 million, a PE ratio of 2,080.00 and a beta of 0.89. The firm’s fifty day simple moving average is GBX 104.49 and its two-hundred day simple moving average is GBX 115.24. The company has a quick ratio of 2.30, a current ratio of 1.67 and a debt-to-equity ratio of 47.33.

Urban Logistics REIT (LON:SHED) last released its quarterly earnings data on Thursday, November 7th. The company reported GBX 3.57 ($0.04) earnings per share for the quarter. Urban Logistics REIT had a return on equity of 3.24% and a net margin of 41.27%. As a group, research analysts expect that Urban Logistics REIT will post 8.3690514 EPS for the current year.

Urban Logistics REIT Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were given 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 currently 16,000.00%.

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.