Tritax Big Box REIT (OTCMKTS:TTBXF) Stock Rating Lowered by Zacks Research

Tritax Big Box REIT (OTCMKTS:TTBXF) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Separately, BNP Paribas Exane began coverage on shares of Tritax Big Box REIT in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Price Performance

OTCMKTS:TTBXF opened at $2.16 on Thursday. Tritax Big Box REIT has a 52 week low of $1.70 and a 52 week high of $2.43. The firm has a 50 day moving average of $2.11 and a 200 day moving average of $2.08.

Tritax Big Box REIT Company Profile

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.