Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Up – Should You Buy?

Tritax Big Box REIT plc (OTCMKTS:TTBXF) shares gapped up before the market opened on Thursday . The stock had previously closed at $1.98, but opened at $2.43. Tritax Big Box REIT shares last traded at $2.43, with a volume of 1,050 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently commented on TTBXF. BNP Paribas Exane began coverage on Tritax Big Box REIT in a research report on Wednesday. They issued an “outperform” rating for the company. Zacks Research upgraded shares of Tritax Big Box REIT to a “hold” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Trading Down 10.3%

The business’s fifty day simple moving average is $2.00 and its 200 day simple moving average is $2.03.

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.