Urban Logistics REIT (LON:SHED) Reaches New 12-Month Low – Should You Sell?

Urban Logistics REIT (LON:SHED) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 103.80 ($1.30) and last traded at GBX 104.12 ($1.30), with a volume of 2221008 shares. The stock had previously closed at GBX 105.60 ($1.32).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Urban Logistics REIT in a research note on Thursday, November 7th.

Urban Logistics REIT Trading Down 2.5 %

The firm has a 50-day simple moving average of GBX 112.79 and a 200-day simple moving average of GBX 118.91. The company has a quick ratio of 2.30, a current ratio of 1.67 and a debt-to-equity ratio of 47.33. The stock has a market cap of £477.64 million, a PE ratio of 2,024.00 and a beta of 0.89.

Urban Logistics REIT Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were given a dividend of GBX 3.25 ($0.04) per share. This represents a yield of 2.93%. The ex-dividend date was Thursday, November 21st. Urban Logistics REIT’s payout ratio is 16,000.00%.

Urban Logistics REIT Company Profile

Urban Logistics REIT plc (the "Company") and its subsidiaries (the "Group") carry on the business of property lettings throughout the United Kingdom. The Company is a public limited company incorporated and domiciled in England and Wales and listed on the Main Market of the London Stock Exchange.