Urban Logistics REIT (LON:SHED) Reaches New 52-Week Low – Time to Sell?

Urban Logistics REIT (LON:SHED)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 98.90 ($1.23) and last traded at GBX 99 ($1.24), with a volume of 2886049 shares traded. The stock had previously closed at GBX 101.20 ($1.26).

Analysts Set New Price Targets

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

Urban Logistics REIT Stock Down 2.2 %

The stock’s fifty day moving average price is GBX 107.74 and its 200-day moving average price is GBX 117.27. The company has a market capitalization of £467.26 million, a price-to-earnings ratio of 1,980.00 and a beta of 0.89. The company has a quick ratio of 2.30, a current ratio of 1.67 and a debt-to-equity ratio of 47.33.

Urban Logistics REIT Cuts Dividend

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

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.