Urban Logistics REIT (LON:SHED) Hits New 52-Week High - Still a Buy?

Urban Logistics REIT (LON:SHED - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 156.80 ($2.09) and last traded at GBX 150.20 ($2.00), with a volume of 5930892 shares changing hands. The stock had previously closed at GBX 149.40 ($1.99).

Analyst Upgrades and Downgrades

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

Urban Logistics REIT Stock Down 0.4%

The firm has a market capitalization of £709.23 million, a P/E ratio of 29.09 and a beta of 0.89. The company has a debt-to-equity ratio of 47.33, a quick ratio of 2.30 and a current ratio of 1.85. The firm's 50-day moving average is GBX 136.55 and its 200 day moving average is GBX 118.38.

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.