Urban Logistics REIT (LON:SHED) Hits New 12-Month High - Here's What Happened

Urban Logistics REIT (LON:SHED - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as GBX 163.40 ($2.22) and last traded at GBX 159.50 ($2.17), with a volume of 996620 shares traded. The stock had previously closed at GBX 159.80 ($2.17).

Analyst Upgrades and Downgrades

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

Urban Logistics REIT Stock Down 2.6%

The stock has a 50-day moving average of GBX 143.85 and a 200 day moving average of GBX 122.58. The company has a market capitalization of £715.35 million, a PE ratio of 29.34 and a beta of 0.89. The company has a quick ratio of 2.30, a current ratio of 1.85 and a debt-to-equity ratio of 47.33.

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.