Urban Logistics REIT (LON:SHED) Trading Up 0.3% - Still a Buy?

Urban Logistics REIT (LON:SHED - Get Free Report)'s share price traded up 0.3% on Monday . The stock traded as high as GBX 157.20 ($2.16) and last traded at GBX 156.07 ($2.14). 28,236,854 shares were traded during mid-day trading, an increase of 369% from the average session volume of 6,020,903 shares. The stock had previously closed at GBX 155.60 ($2.14).

Wall Street Analyst Weigh In

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

Urban Logistics REIT Price Performance

The business's 50 day moving average is GBX 152.24 and its 200-day moving average is GBX 127.40. 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 has a market capitalization of £724.09 million, a price-to-earnings ratio of 29.70 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.