Shore Capital Reaffirms “Buy” Rating for Urban Logistics REIT (LON:SHED)

Urban Logistics REIT (LON:SHED)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a research note issued to investors on Thursday, Digital Look reports.

Urban Logistics REIT Stock Performance

Shares of SHED traded up GBX 0.28 ($0.00) during trading hours on Thursday, hitting GBX 111.28 ($1.45). The company had a trading volume of 905,378 shares, compared to its average volume of 1,260,622. The business has a fifty day moving average of GBX 121.90 and a 200-day moving average of GBX 120.92. The company has a quick ratio of 2.30, a current ratio of 1.67 and a debt-to-equity ratio of 47.33. The firm has a market cap of £525.22 million, a price-to-earnings ratio of 2,225.62 and a beta of 0.89. Urban Logistics REIT has a 12 month low of GBX 105 ($1.37) and a 12 month high of GBX 131 ($1.71).

Insider Transactions at Urban Logistics REIT

In other news, insider Bruce Anderson acquired 23,000 shares of Urban Logistics REIT stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of GBX 119 ($1.55) per share, for a total transaction of £27,370 ($35,628.74). Insiders own 4.85% of the company’s stock.

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.