Urban Logistics REIT (LON:SHED) Hits New 1-Year Low – Here’s What Happened

Urban Logistics REIT (LON:SHED)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 98.90 ($1.21) and last traded at GBX 99 ($1.21), with a volume of 2886049 shares trading hands. The stock had previously closed at GBX 101.20 ($1.24).

Wall Street Analyst Weigh In

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

Urban Logistics REIT Stock Performance

The company’s 50-day simple moving average is GBX 106.95 and its 200 day simple moving average is GBX 116.93. The stock has a market cap of £475.76 million, a P/E ratio of 2,016.00 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.

Urban Logistics REIT Cuts Dividend

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

About Urban Logistics REIT

Urban Logistics REIT plc is a property investment company, quoted on the Main Market of the London Stock Exchange, (LON: SHED).

The Company invests in UK-based logistics properties with the objective of generating attractive dividends and capital returns for its shareholders. Its investment strategy focuses on strategically located smaller single let logistics properties servicing high-quality tenants.