Urban Logistics REIT (LON:SHED) Upgraded to “Buy” by Berenberg Bank

Berenberg Bank upgraded shares of Urban Logistics REIT (LON:SHEDGet Rating) to a buy rating in a research report released on Monday morning, Digital Look reports. They currently have GBX 170 ($2.01) price target on the stock, down from their previous price target of GBX 180 ($2.13).

Separately, Shore Capital reiterated a buy rating on shares of Urban Logistics REIT in a research report on Friday, November 11th.

Urban Logistics REIT Trading Down 0.0 %

Shares of LON:SHED opened at GBX 150.50 ($1.78) on Monday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 36.17. Urban Logistics REIT has a 12-month low of GBX 114.21 ($1.35) and a 12-month high of GBX 200 ($2.36). The business has a 50 day moving average of GBX 139.73 and a 200-day moving average of GBX 159.85. The stock has a market cap of £710.30 million and a PE ratio of 307.14.

Urban Logistics REIT Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 24th will be issued a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date of this dividend is Thursday, November 24th. This represents a dividend yield of 2.17%. Urban Logistics REIT’s dividend payout ratio (DPR) is presently 15.51%.

Urban Logistics REIT Company Profile

(Get Rating)

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 AIM, part of the London Stock Exchange.

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