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

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

Wall Street Analysts Forecast Growth

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

Urban Logistics REIT Price Performance

The firm has a market cap of £566.38 million, a price-to-earnings ratio of 2,400.00 and a beta of 0.89. The company has a current ratio of 1.67, a quick ratio of 2.30 and a debt-to-equity ratio of 47.33. The company has a 50 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 acquired 23,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of GBX 119 ($1.54) per share, with a total value of £27,370 ($35,494.75). 4.85% of the stock is currently owned by company insiders.

About Urban Logistics REIT

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.