Tritax Big Box REIT plc (LON:BBOX – Get a rating) the stock price broke below its 200-day moving average during Friday’s session. The stock has a two hundred day moving average of 229.80 GBX ($2.79) and is trading as low as 185.50 GBX ($2.25). Tritax Big Box REIT shares last traded at 191.30 GBX ($2.32), with volume of 10,541,600 shares changing hands.

BBOX has been the subject of several research reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Tritax Big Box REIT in a research report on Monday, March 14. Barclays reissued an “equal weight” rating and released a GBX 260 ($3.16) price target on shares of Tritax Big Box REIT in a research report on Monday, May 23. Berenberg Bank reissued a “buy” rating and issued a GBX 275 ($3.34) price target on shares of Tritax Big Box REIT in a research report on Thursday, May 5. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 265 ($3.22) price target on shares of Tritax Big Box REIT in a research report on Friday, May 13. One analyst has rated the stock with a hold rating and six have issued a buy rating for the company’s stock. Based on data from MarketBeat.com, Tritax Big Box REIT currently has a consensus rating of “Buy” and a consensus price target of GBX 253.86 ($3.08).

The company’s 50-day rolling average price is 215.98 GBX and its two-hundred-day rolling average price is 229.80 GBX. The stock has a market capitalization of £3.58 billion and a PE ratio of 3.46. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt ratio of 33.00.

The company also recently declared a dividend, which was paid on Wednesday, June 1. Shareholders of record on Thursday, May 12 received a dividend of 1.68 GBX ($0.02). The ex-dividend date was Thursday, May 12. This represents a dividend yield of 0.79%. Tritax Big Box REIT’s payout ratio is currently 0.12%.

In other Tritax Big Box REIT news, insider Aubrey Adams bought 20,000 shares in a trade dated Thursday, May 5. The share was bought at an average price of 218 GBX ($2.65) per share, with a total value of £43,600 ($52,919.04).

About Tritax Big Box REIT (LON:BBOX)

Tritax Big Box REIT plc is the only publicly listed vehicle dedicated to investing in very large logistics warehouses (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns to shareholders. Actively investing in and managing existing built investments, land suitable for Big Box development and developments primarily delivered on a pre-leased financing basis, the Company focuses on large, modern, well-located Big Box logistics assets leased to institutional quality tenants on long-term leases (typically at least 12 years) with upward-only rent reviews and geographic and tenant diversification across the UK.

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