Tritax Big Box REIT plc (LON:BBOX – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 153.44 ($1.91) and traded as low as GBX 145.40 ($1.81). Tritax Big Box REIT shares last traded at GBX 146.80 ($1.83), with a volume of 2,950,707 shares changing hands.
Analysts Set New Price Targets
Several brokerages recently issued reports on BBOX. Barclays raised their target price on shares of Tritax Big Box REIT from GBX 165 ($2.05) to GBX 190 ($2.37) and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Berenberg Bank restated a “buy” rating and issued a GBX 155 ($1.93) target price on shares of Tritax Big Box REIT in a report on Thursday, February 8th. Finally, Shore Capital restated a “buy” rating on shares of Tritax Big Box REIT in a report on Friday, March 1st.
View Our Latest Report on Tritax Big Box REIT
Tritax Big Box REIT Stock Down 0.3 %
Tritax Big Box REIT Increases Dividend
The firm also recently declared a dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 14th were paid a dividend of GBX 2.05 ($0.03) per share. This represents a dividend yield of 1.4%. The ex-dividend date was Thursday, March 14th. This is a boost from Tritax Big Box REIT’s previous dividend of $1.75. Tritax Big Box REIT’s dividend payout ratio (DPR) is currently 17,500.00%.
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. BBOX is committed to delivering attractive and sustainable returns for Shareholders by investing in and actively managing existing built investments and land suitable for logistics development.
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