Urban Logistics REIT Plans Dividend of GBX 3.25 (LON:SHED)

Urban Logistics REIT (LON:SHED) declared a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, November 21st will be given a dividend of GBX 3.25 ($0.04) per share on Friday, December 13th. This represents a yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 21st. The official announcement can be seen at this link.

Urban Logistics REIT Stock Performance

LON SHED opened at GBX 109.01 ($1.38) on Wednesday. The firm has a 50-day moving average price of GBX 120.22 and a two-hundred day moving average price of GBX 120.77. Urban Logistics REIT has a 12-month low of GBX 105 ($1.33) and a 12-month high of GBX 131 ($1.66). The company has a market capitalization of £514.52 million, a P/E ratio of 2,192.00 and a beta of 0.89. The company has a quick ratio of 2.30, a current ratio of 1.67 and a debt-to-equity ratio of 47.33.

Analyst Upgrades and Downgrades

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

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.