Urban Logistics REIT (LON:SHED) Reaches New 1-Year High - Still a Buy?

Urban Logistics REIT (LON:SHED - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 159.60 ($2.16) and last traded at GBX 154.40 ($2.09), with a volume of 12274768 shares traded. The stock had previously closed at GBX 152.80 ($2.07).

Analysts Set New Price Targets

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

Urban Logistics REIT Stock Up 0.1%

The company has a quick ratio of 2.30, a current ratio of 1.85 and a debt-to-equity ratio of 47.33. The company has a fifty day moving average price of GBX 138.92 and a 200-day moving average price of GBX 119.73. The stock has a market capitalization of £715.69 million, a P/E ratio of 29.35 and a beta of 0.89.

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.