Urban Logistics REIT’s (SHED) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Urban Logistics REIT (LON:SHEDFree Report) in a research note published on Friday morning, Marketbeat Ratings reports.

Urban Logistics REIT Stock Performance

Shares of SHED stock opened at GBX 127.80 ($1.65) on Friday. Urban Logistics REIT has a 12-month low of GBX 97.60 ($1.26) and a 12-month high of GBX 134.40 ($1.74). The firm has a market capitalization of £593.20 million, a price-to-earnings ratio of 24.33 and a beta of 0.89. The business has a 50 day simple moving average of GBX 113.77 and a 200 day simple moving average of GBX 113.93. The company has a debt-to-equity ratio of 47.33, a current ratio of 1.85 and a quick ratio of 2.30.

About Urban Logistics REIT

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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.

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