Aubrey Adams Purchases 20,000 Shares of Tritax Big Box REIT plc (LON:BBOX) Stock

Tritax Big Box REIT plc (LON:BBOXGet Rating) insider Aubrey Adams acquired 20,000 shares of the business’s stock in a transaction on Thursday, May 5th. The stock was purchased at an average price of GBX 218 ($2.72) per share, for a total transaction of £43,600 ($54,465.96).

Shares of LON:BBOX opened at GBX 215.40 ($2.69) on Friday. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 33.00. Tritax Big Box REIT plc has a fifty-two week low of GBX 188.50 ($2.35) and a fifty-two week high of GBX 288 ($3.60). The firm has a 50-day simple moving average of GBX 239.26 and a 200 day simple moving average of GBX 235.96. The company has a market cap of £4.03 billion and a PE ratio of 3.90.

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 1st. Investors of record on Thursday, May 12th will be given a dividend of GBX 1.68 ($0.02) per share. This represents a dividend yield of 0.79%. The ex-dividend date is Thursday, May 12th. Tritax Big Box REIT’s dividend payout ratio is presently 0.12%.

BBOX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tritax Big Box REIT in a report on Monday, March 14th. Berenberg Bank reiterated a “buy” rating and issued a GBX 275 ($3.44) price objective on shares of Tritax Big Box REIT in a report on Wednesday, March 23rd. Barclays reiterated an “equal weight” rating and issued a GBX 260 ($3.25) price objective on shares of Tritax Big Box REIT in a report on Friday, April 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 275 ($3.44) target price on shares of Tritax Big Box REIT in a research note on Tuesday, April 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 255.29 ($3.19).

About Tritax Big Box REIT (Get Rating)

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 developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK.

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