Tritax Big Box REIT (LON:BBOX) Reaches New 1-Year Low – Here’s Why

Tritax Big Box REIT plc (LON:BBOX) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 139.57 and last traded at GBX 139.79, with a volume of 2,757,323 shares trading hands. The stock had previously closed at GBX 141.60.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BBOX shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Berenberg Bank decreased their price target on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating for the company in a research report on Tuesday, September 8th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 208 price target on shares of Tritax Big Box REIT in a report on Wednesday, September 9th. Peel Hunt reissued an “add” rating and set a GBX 180 price target on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. upped their price target on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 198.88.

Tritax Big Box REIT Stock Performance

The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 52.13. The firm has a market capitalization of £4.09 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 2.05 and a beta of 1.75. The company has a 50-day moving average price of GBX 153.05 and a 200-day moving average price of GBX 153.84.

Tritax Big Box REIT (LON:BBOX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported GBX 4.41 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a net margin of 76.38% and a return on equity of 5.39%. As a group, equities research analysts forecast that Tritax Big Box REIT plc will post 8.97 earnings per share for the current year.

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. 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.