Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Up – What’s Next?

Tritax Big Box REIT plc (OTCMKTS:TTBXF) gapped up prior to trading on Monday. The stock had previously closed at $1.6075, but opened at $1.95. Tritax Big Box REIT shares last traded at $1.95, with a volume of 2,565 shares trading hands.

Wall Street Analyst Weigh In

TTBXF has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tritax Big Box REIT in a report on Wednesday, August 26th. BNP Paribas Exane began coverage on Tritax Big Box REIT in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Barclays restated an “overweight” rating on shares of Tritax Big Box REIT in a report on Monday, August 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research report on Wednesday, October 14th. Finally, Zacks Research downgraded Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Tritax Big Box REIT Stock Performance

The company’s 50-day moving average price is $1.99 and its two-hundred day moving average price is $2.06.

About Tritax Big Box REIT

Tritax Big Box REIT plc is a United Kingdom-focused real estate investment trust that owns, manages and develops large-scale logistics and distribution properties. Its portfolio is centered on “big box” warehouses used for national and regional distribution, fulfillment, manufacturing, and other supply-chain activities.

The company leases its properties to a range of occupiers, including retailers, manufacturers, logistics providers and other businesses that require substantial warehouse space.