Tritax Big Box REIT (LON:BBOX) Receives Buy Rating from Shore Capital Group

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital Group in a research note issued on Thursday,London Stock Exchange reports.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group reduced their price objective on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating on the stock in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a research report on Friday, March 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 200 price target on shares of Tritax Big Box REIT in a report on Thursday. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 230 price objective on shares of Tritax Big Box REIT in a research note on Monday, January 26th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 210.

Tritax Big Box REIT Stock Down 0.3%

Shares of BBOX stock traded down GBX 0.40 during trading on Thursday, reaching GBX 152.70. The company’s stock had a trading volume of 5,978,251 shares, compared to its average volume of 39,601,781. The business has a fifty day moving average price of GBX 153.67 and a 200-day moving average price of GBX 154.64. The company has a quick ratio of 0.42, a current ratio of 2.38 and a debt-to-equity ratio of 52.74. The company has a market cap of £4.13 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. Tritax Big Box REIT has a one year low of GBX 132.20 and a one year high of GBX 174.

Tritax Big Box REIT (LON:BBOX) last posted 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 net margin of 111.98% and a return on equity of 5.78%. Analysts anticipate that Tritax Big Box REIT will post 8.9700057 earnings per share for the current year.

Insider Buying and Selling

In other Tritax Big Box REIT news, insider Alastair Hughes sold 76,783 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of GBX 153, for a total transaction of £117,477.99. 0.07% of the stock is owned by insiders.

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. Tritax Big Box targets 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 clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.