Urban Logistics REIT (LON:SHED) Stock Price Down 0.8% – Time to Sell?

Urban Logistics REIT (LON:SHED) fell 0.8% during trading on Tuesday . The company traded as low as GBX 119 ($1.54) and last traded at GBX 120 ($1.56). 907,123 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 1,254,691 shares. The stock had previously closed at GBX 121 ($1.57).

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of Urban Logistics REIT in a research note on Tuesday, September 17th.

Urban Logistics REIT Price Performance

The company’s 50-day moving average is GBX 122.53 and its 200-day moving average is GBX 120.69. The company has a debt-to-equity ratio of 47.33, a current ratio of 1.67 and a quick ratio of 2.30. The firm has a market capitalization of £555.99 million, a price-to-earnings ratio of 2,360.00 and a beta of 0.89.

Insider Buying and Selling

In related news, insider Bruce Anderson bought 23,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of GBX 119 ($1.54) per share, with a total value of £27,370 ($35,494.75). Corporate insiders own 4.85% of the company’s stock.

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.