Urban Logistics REIT (LON:SHED) Stock Price Down 0.1% – What’s Next?

Urban Logistics REIT (LON:SHED)’s stock price dropped 0.1% during trading on Thursday . The company traded as low as GBX 107 ($1.35) and last traded at GBX 107.95 ($1.36). Approximately 5,315,907 shares were traded during trading, an increase of 279% from the average daily volume of 1,401,834 shares. The stock had previously closed at GBX 108 ($1.36).

Analyst Ratings Changes

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

Urban Logistics REIT Price Performance

The company has a fifty day simple moving average of GBX 114.38 and a two-hundred day simple moving average of GBX 119.31. The stock has a market capitalization of £505.02 million, a price-to-earnings ratio of 2,140.00 and a beta of 0.89. 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 company also recently disclosed a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date was Thursday, November 21st. This represents a yield of 2.93%. Urban Logistics REIT’s dividend payout ratio is 16,000.00%.

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.