Tritax Big Box REIT (LON:BBOX) Share Price Crosses Below Two Hundred Day Moving Average of $156.74

Tritax Big Box REIT plc (LON:BBOXGet Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 156.74 ($2.01) and traded as low as GBX 153 ($1.96). Tritax Big Box REIT shares last traded at GBX 158.50 ($2.03), with a volume of 5,326,103 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BBOX shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Tritax Big Box REIT in a research note on Wednesday, July 3rd. Shore Capital reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Friday, May 17th. Finally, Barclays lifted their price target on Tritax Big Box REIT from GBX 165 ($2.11) to GBX 190 ($2.43) and gave the company an “overweight” rating in a research note on Wednesday, April 3rd.

Check Out Our Latest Report on BBOX

Tritax Big Box REIT Stock Performance

The stock has a market capitalization of £3.01 billion, a price-to-earnings ratio of 3,962.50, a P/E/G ratio of 2.05 and a beta of 0.88. The company’s fifty day simple moving average is GBX 157.68 and its 200 day simple moving average is GBX 156.74. The company has a quick ratio of 0.42, a current ratio of 0.40 and a debt-to-equity ratio of 48.45.

Tritax Big Box REIT Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 7th. Investors of record on Thursday, May 23rd were paid a GBX 1.83 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a yield of 1.16%. Tritax Big Box REIT’s dividend payout ratio (DPR) is currently 17,500.00%.

Insider Buying and Selling at Tritax Big Box REIT

In other news, insider Alastair Hughes bought 30,300 shares of the stock in a transaction dated Friday, May 17th. The shares were bought at an average price of GBX 167 ($2.14) per share, for a total transaction of £50,601 ($64,814.91). Insiders own 2.01% of the company’s stock.

Tritax Big Box REIT Company Profile

(Get Free Report)

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.

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