Tritax Big Box REIT (LON:BBOX) Releases Earnings Results

Tritax Big Box REIT (LON:BBOX) posted its quarterly earnings results on Wednesday. The company reported GBX 4.41 earnings per share for the quarter, Digital Look Earnings reports. Tritax Big Box REIT had a net margin of 111.98% and a return on equity of 5.78%.

Tritax Big Box REIT Stock Performance

BBOX stock opened at GBX 165.30 on Friday. Tritax Big Box REIT has a 1-year low of GBX 132.20 and a 1-year high of GBX 175. The company has a current ratio of 2.38, a quick ratio of 0.42 and a debt-to-equity ratio of 52.74. The firm has a market cap of £4.49 billion, a PE ratio of 11.49, a P/E/G ratio of 2.05 and a beta of 1.76. The business’s 50-day moving average price is GBX 159.94 and its two-hundred day moving average price is GBX 157.71.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BBOX. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 200 price objective on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 150 price objective on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Peel Hunt reaffirmed an “add” rating and set a GBX 180 price objective on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 196 price objective on shares of Tritax Big Box REIT in a report on Thursday. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 199.43.

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.