Urban Logistics REIT (LON:SHED) Reaches New 1-Year Low – Here’s Why

Shares of Urban Logistics REIT (LON:SHED) reached a new 52-week low on Wednesday . The company traded as low as GBX 98.90 ($1.23) and last traded at GBX 99 ($1.24), with a volume of 2886049 shares. The stock had previously closed at GBX 101.20 ($1.26).

Analysts Set New Price Targets

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

Urban Logistics REIT Stock Performance

The stock has a market capitalization of £467.26 million, a P/E ratio of 1,980.00 and a beta of 0.89. The company’s fifty day simple moving average is GBX 107.74 and its two-hundred day simple moving average is GBX 117.27. 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 declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were paid 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 (DPR) is presently 16,000.00%.

Urban Logistics REIT Company Profile

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.