Urban Logistics REIT (LON:SHED) Given “Buy” Rating at Shore Capital

Shore Capital reissued their buy rating on shares of Urban Logistics REIT (LON:SHEDFree Report) in a research note released on Thursday, MarketBeat reports.

Urban Logistics REIT Price Performance

Urban Logistics REIT stock opened at GBX 116.12 ($1.46) on Thursday. The firm has a fifty day moving average of GBX 104.81 and a 200-day moving average of GBX 114.11. Urban Logistics REIT has a 52-week low of GBX 97.60 ($1.23) and a 52-week high of GBX 131 ($1.65). The company has a quick ratio of 2.30, a current ratio of 1.85 and a debt-to-equity ratio of 47.33. The firm has a market capitalization of £538.98 million, a P/E ratio of 22.10 and a beta of 0.89.

Urban Logistics REIT Company Profile

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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.

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