Shares of Tritax Big Box REIT plc (LON:BBOX – Get Rating) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 191.83 ($2.31) and traded as high as GBX 192.46 ($2.32). Tritax Big Box REIT shares last traded at GBX 187 ($2.25), with a volume of 3,157,294 shares trading hands.
Analysts Set New Price Targets
Several research analysts have recently weighed in on BBOX shares. Royal Bank of Canada restated an “outperform” rating and issued a GBX 265 ($3.19) target price on shares of Tritax Big Box REIT in a research note on Friday, May 13th. Berenberg Bank reduced their price objective on shares of Tritax Big Box REIT from GBX 260 ($3.13) to GBX 220 ($2.65) and set an “equal weight” rating on the stock in a research note on Monday, July 4th. Shore Capital reiterated a “sell” rating on shares of Tritax Big Box REIT in a research note on Tuesday, June 28th. Finally, Barclays reiterated an “equal weight” rating and set a GBX 260 ($3.13) price objective on shares of Tritax Big Box REIT in a research note on Monday, May 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Tritax Big Box REIT has an average rating of “Moderate Buy” and an average price target of GBX 246 ($2.96).
Tritax Big Box REIT Stock Up 1.3 %
The company has a market capitalization of £3.54 billion and a price-to-earnings ratio of 346.00. The stock’s fifty day simple moving average is GBX 191.83 and its two-hundred day simple moving average is GBX 218.91. The company has a debt-to-equity ratio of 33.00, a current ratio of 0.84 and a quick ratio of 0.64.
Tritax Big Box REIT Cuts Dividend
Insider Buying and Selling
In other news, insider Aubrey Adams acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were acquired at an average price of GBX 218 ($2.63) per share, with a total value of £43,600 ($52,530.12). In related news, insider Wu Gang bought 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The stock was purchased at an average price of GBX 191 ($2.30) per share, for a total transaction of £4,966 ($5,983.13). Also, insider Aubrey Adams bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The stock was bought at an average price of GBX 218 ($2.63) per share, with a total value of £43,600 ($52,530.12).
Tritax Big Box REIT Company Profile
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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