Tritax Big Box REIT Plc (LON:BBOX) Receives Average Recommendation of “Buy” from Analysts

Tritax Big Box REIT Plc (LON:BBOX) has earned a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 240 ($3.14).

Several analysts have recently commented on BBOX shares. Berenberg Bank started coverage on shares of Tritax Big Box REIT in a research report on Monday, October 25th. They set a “buy” rating and a GBX 250 ($3.27) price objective on the stock. Royal Bank of Canada decreased their price objective on shares of Tritax Big Box REIT from GBX 265 ($3.46) to GBX 260 ($3.40) and set an “outperform” rating on the stock in a research report on Thursday, October 7th. Barclays restated an “equal weight” rating and set a GBX 235 ($3.07) price objective on shares of Tritax Big Box REIT in a research report on Tuesday, October 12th. Peel Hunt restated an “add” rating and set a GBX 215 ($2.81) price objective on shares of Tritax Big Box REIT in a research report on Thursday, August 5th. Finally, Liberum Capital restated a “buy” rating and set a GBX 265 ($3.46) price objective on shares of Tritax Big Box REIT in a research report on Wednesday.

BBOX traded up GBX 1.80 ($0.02) during trading on Friday, hitting GBX 239.60 ($3.13). The company’s stock had a trading volume of 7,333,523 shares, compared to its average volume of 5,600,575. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 45.96. Tritax Big Box REIT has a one year low of GBX 152.60 ($1.99) and a one year high of GBX 288 ($3.76). The firm has a market cap of £4.48 billion and a PE ratio of 5.64. The business’s 50 day simple moving average is GBX 226.08 and its 200-day simple moving average is GBX 213.51.

The firm also recently disclosed a dividend, which was paid on Wednesday, November 17th. Shareholders of record on Thursday, October 28th were paid a GBX 1.60 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, October 28th. This represents a dividend yield of 0.72%. Tritax Big Box REIT’s payout ratio is currently 0.15%.

About Tritax Big Box REIT

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.

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Analyst Recommendations for Tritax Big Box REIT (LON:BBOX)

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