Tritax Big Box REIT (LON:BBOX) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Tritax Big Box REIT plc (LON:BBOX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 153.01 and traded as low as GBX 139.80. Tritax Big Box REIT shares last traded at GBX 141, with a volume of 12,227,027 shares traded.

Analysts Set New Price Targets

A number of brokerages have issued reports on BBOX. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, January 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 price target on shares of Tritax Big Box REIT in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research report on Friday, March 20th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 212.80.

Tritax Big Box REIT Stock Performance

The firm has a market capitalization of £3.81 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 2.05 and a beta of 1.65. The business’s 50 day moving average is GBX 161.81 and its 200-day moving average is GBX 153.01.

Tritax Big Box REIT (LON:BBOX) last issued its quarterly earnings results on Friday, February 27th. The company reported GBX 8.38 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a return on equity of 5.78% and a net margin of 111.98%. Equities research analysts forecast that Tritax Big Box REIT plc will post 8.9700057 EPS for the current fiscal year.

Insider Activity

In other news, insider Alastair Hughes sold 76,783 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of GBX 153, for a total value of £117,477.99. Insiders own 0.07% of the company’s stock.

About Tritax Big Box REIT

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. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK.