Urban Logistics REIT (LON:SHED) Sets New 52-Week Low – Here’s What Happened

Urban Logistics REIT (LON:SHED) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 103.80 ($1.32) and last traded at GBX 104.12 ($1.32), with a volume of 2221008 shares trading hands. The stock had previously closed at GBX 105.60 ($1.34).

Wall Street Analyst Weigh In

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

Urban Logistics REIT Stock Performance

The stock has a market cap of £491.40 million, a PE ratio of 2,112.00 and a beta of 0.89. The stock has a fifty day simple moving average of GBX 114 and a two-hundred day simple moving average of GBX 119.23. The company has a debt-to-equity ratio of 47.33, a quick ratio of 2.30 and a current ratio of 1.67.

Urban Logistics REIT Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were issued a GBX 3.25 ($0.04) dividend. This represents a yield of 2.93%. The ex-dividend date of this dividend was Thursday, November 21st. Urban Logistics REIT’s dividend payout ratio is presently 16,000.00%.

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.