Urban Logistics REIT (LON:SHED) Receives Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Urban Logistics REIT (LON:SHED) in a research note released on Tuesday, Digital Look reports. The brokerage currently has a GBX 142 ($1.80) price objective on the stock.

Separately, Shore Capital reiterated a buy rating on shares of Urban Logistics REIT in a research note on Thursday, March 14th.

Urban Logistics REIT Stock Up 3.1 %

Shares of LON SHED traded up GBX 3.60 ($0.05) during trading hours on Tuesday, hitting GBX 120.20 ($1.52). The stock had a trading volume of 2,992,173 shares, compared to its average volume of 1,102,893. The company has a market capitalization of £458.23 million, a P/E ratio of -858.57 and a beta of 0.82. The firm’s 50-day moving average price is GBX 119.45 and its two-hundred day moving average price is GBX 119.59. The company has a debt-to-equity ratio of 46.83, a quick ratio of 2.30 and a current ratio of 1.67. Urban Logistics REIT has a 52 week low of GBX 98.10 ($1.24) and a 52 week high of GBX 131 ($1.66).

Urban Logistics REIT Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 27th will be given a dividend of GBX 4.35 ($0.06) per share. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Urban Logistics REIT’s previous dividend of $3.25. This represents a yield of 3.55%. Urban Logistics REIT’s dividend payout ratio (DPR) is -5,714.29%.

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.