Tritax Big Box REIT (LON:BBOX) Share Price Passes Below 200 Day Moving Average of $153.81

Shares of Tritax Big Box REIT plc (LON:BBOX) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 153.81 ($1.90) and traded as low as GBX 147.38 ($1.82). Tritax Big Box REIT shares last traded at GBX 149.60 ($1.85), with a volume of 2,464,306 shares.

Wall Street Analysts Forecast Growth

BBOX has been the subject of several research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a report on Friday, March 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 155 ($1.91) target price on shares of Tritax Big Box REIT in a report on Thursday, February 8th. Finally, Barclays lifted their target price on shares of Tritax Big Box REIT from GBX 165 ($2.04) to GBX 190 ($2.35) and gave the stock an “overweight” rating in a report on Wednesday, April 3rd.

Tritax Big Box REIT Stock Up 1.7 %

The stock’s fifty day simple moving average is GBX 151.31 and its 200-day simple moving average is GBX 153.81. The stock has a market cap of £2.84 billion, a P/E ratio of 3,740.00, a P/E/G ratio of 2.05 and a beta of 0.88. The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.42 and a current ratio of 0.40.

Tritax Big Box REIT Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 14th were issued a GBX 2.05 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 1.4%. This is an increase from Tritax Big Box REIT’s previous dividend of $1.75. Tritax Big Box REIT’s dividend payout ratio is currently 17,500.00%.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. BBOX is committed to delivering attractive and sustainable returns for Shareholders by investing in and actively managing existing built investments and land suitable for logistics development.