Tritax Big Box REIT (LON:BBOX) Sets New 12-Month High – Here’s Why

Tritax Big Box REIT plc (LON:BBOX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 175 and last traded at GBX 173.49, with a volume of 3638348 shares traded. The stock had previously closed at GBX 172.60.

Analyst Ratings Changes

BBOX has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating for the company in a research note on Monday, March 30th. Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 200 price target on shares of Tritax Big Box REIT in a report on Monday. Stifel Nicolaus reissued a “hold” rating and issued a GBX 150 price objective on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 180 price objective on shares of Tritax Big Box REIT in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 204.29.

Tritax Big Box REIT Trading Up 0.6%

The business has a 50 day moving average of GBX 156.70 and a two-hundred day moving average of GBX 157.12. The firm has a market capitalization of £4.71 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 2.05 and a beta of 1.76. The company has a debt-to-equity ratio of 52.74, a quick ratio of 0.42 and a current ratio of 2.38.

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. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.