Urban Logistics REIT (LON:SHED) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Urban Logistics REIT (LON:SHED) in a research report sent to investors on Tuesday morning, Digital Look reports. The brokerage currently has a GBX 142 ($1.80) price objective on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of Urban Logistics REIT in a report on Thursday, March 14th.

Urban Logistics REIT Price Performance

SHED traded up GBX 3.60 ($0.05) during trading on Tuesday, hitting GBX 120.20 ($1.52). The company’s stock had a trading volume of 2,992,173 shares, compared to its average volume of 1,102,893. The company has a current ratio of 1.67, a quick ratio of 2.30 and a debt-to-equity ratio of 46.83. The firm has a market capitalization of £458.23 million, a price-to-earnings ratio of -858.57 and a beta of 0.82. The business’s fifty day simple moving average is GBX 119.45 and its 200 day simple moving average is GBX 119.59. Urban Logistics REIT has a twelve month low of GBX 98.10 ($1.24) and a twelve month high of GBX 131 ($1.66).

Urban Logistics REIT Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 27th will be paid a dividend of GBX 4.35 ($0.06) per share. This represents a dividend yield of 3.55%. This is a positive change from Urban Logistics REIT’s previous dividend of $3.25. The ex-dividend date of this dividend is Thursday, June 27th. Urban Logistics REIT’s dividend payout ratio is presently -5,714.29%.

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.