Tritax Big Box REIT (OTCMKTS:TTBXF) Reaches New 52-Week High – Here’s What Happened

Tritax Big Box REIT plc (OTCMKTS:TTBXF)’s share price reached a new 52-week high on Friday . The stock traded as high as $2.43 and last traded at $2.43, with a volume of 120 shares. The stock had previously closed at $2.16.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTBXF. Zacks Research lowered shares of Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. BNP Paribas Exane began coverage on shares of Tritax Big Box REIT in a research report on Wednesday, July 1st. They issued an “outperform” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Tritax Big Box REIT Trading Up 12.0%

The company’s fifty day moving average is $2.12 and its 200 day moving average is $2.09.

About Tritax Big Box REIT

Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.

The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.