Tritax Big Box REIT plc (OTCMKTS:TTBXF – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 32,535 shares, a growth of 64.5% from the August 15th total of 19,774 shares. Based on an average daily volume of 150 shares, the short-interest ratio is currently 216.9 days. Currently, 0.0% of the company’s shares are sold short.
Tritax Big Box REIT Stock Performance
Tritax Big Box REIT stock opened at $2.06 on Thursday. The firm has a 50-day moving average of $2.15 and a 200-day moving average of $2.08. Tritax Big Box REIT has a one year low of $1.70 and a one year high of $2.43.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tritax Big Box REIT in a research note on Wednesday, August 26th. Barclays restated an “overweight” rating on shares of Tritax Big Box REIT in a report on Monday, August 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Tuesday, August 25th. Zacks Research cut Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, BNP Paribas Exane began coverage on Tritax Big Box REIT in a research note on Wednesday, July 1st. They set an “outperform” rating for the company. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Tritax Big Box REIT currently has an average rating of “Moderate Buy”.
Tritax Big Box REIT Company Profile
Tritax Big Box REIT plc is a United Kingdom-focused real estate investment trust that owns and manages large-scale logistics and distribution properties, commonly known as “big box” warehouses. Its portfolio is designed to support supply chains, e-commerce, retail distribution and other forms of logistics activity.
The company primarily generates rental income from modern logistics facilities leased to businesses across the United Kingdom. Its activities include acquiring, developing and actively managing strategically located warehouses, with a focus on properties that offer access to major transportation networks and population centers.
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