Urban Logistics REIT (LON:SHED) Hits New 1-Year High - Time to Buy?

Shares of Urban Logistics REIT (LON:SHED - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 157.20 ($2.12) and last traded at GBX 156 ($2.10), with a volume of 25189428 shares traded. The stock had previously closed at GBX 154.20 ($2.08).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "buy" rating on shares of Urban Logistics REIT in a research note on Friday, March 21st.

Urban Logistics REIT Trading Up 0.9%

The company has a debt-to-equity ratio of 47.33, a current ratio of 1.85 and a quick ratio of 2.30. The firm has a market capitalization of £741.73 million, a PE ratio of 30.42 and a beta of 0.89. The business's 50-day moving average price is GBX 141.78 and its 200-day moving average price is GBX 121.33.

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.