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

Urban Logistics REIT (LON:SHED - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 159.60 ($2.13) and last traded at GBX 154.40 ($2.06), with a volume of 12274768 shares trading hands. The stock had previously closed at GBX 152.80 ($2.04).

Analysts Set New Price Targets

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

Urban Logistics REIT Stock Performance

The stock has a 50-day simple moving average of GBX 137.01 and a 200 day simple moving average of GBX 118.63. 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 company has a market capitalization of £718.52 million, a PE ratio of 29.47 and a beta of 0.89.

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.

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