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

Tritax Big Box REIT plc (LON:BBOX) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 175 and last traded at GBX 173.49, with a volume of 3638348 shares. The stock had previously closed at GBX 172.60.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BBOX. Peel Hunt reiterated an “add” rating and set a GBX 180 price target on shares of Tritax Big Box REIT in a research report on Monday. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th. 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. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 150 price objective on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Tritax Big Box REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 204.29.

Tritax Big Box REIT Price Performance

The company has a debt-to-equity ratio of 52.74, a quick ratio of 0.42 and a current ratio of 2.38. The stock has a market capitalization of £4.65 billion, a PE ratio of 11.90, a P/E/G ratio of 2.05 and a beta of 1.76. The company’s fifty day simple moving average is GBX 157.61 and its two-hundred day simple moving average is GBX 157.31.

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.