Tritax Big Box REIT PLC (LON:BBOX) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 160.75 ($2.11).
BBOX has been the subject of a number of analyst reports. Liberum Capital reaffirmed a “hold” rating and set a GBX 155 ($2.04) price objective on shares of Tritax Big Box REIT in a report on Friday, September 27th. Barclays reaffirmed an “underweight” rating on shares of Tritax Big Box REIT in a report on Wednesday, November 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 195 ($2.57) price objective on shares of Tritax Big Box REIT in a report on Thursday, August 15th. Peel Hunt reaffirmed a “hold” rating on shares of Tritax Big Box REIT in a report on Tuesday, December 3rd. Finally, Peel Hunt initiated coverage on shares of Tritax Big Box REIT in a report on Wednesday, October 16th. They set a “hold” rating and a GBX 150 ($1.97) price objective for the company.
Shares of LON:BBOX traded down GBX 0.10 ($0.00) during midday trading on Thursday, reaching GBX 149 ($1.96). 4,388,779 shares of the company’s stock were exchanged, compared to its average volume of 3,120,000. The company’s 50 day simple moving average is GBX 149.62 and its two-hundred day simple moving average is GBX 148.64. The firm has a market capitalization of $2.54 billion and a PE ratio of 10.96. Tritax Big Box REIT has a 12 month low of GBX 1.47 ($0.02) and a 12 month high of GBX 156.60 ($2.06). The company has a debt-to-equity ratio of 43.08, a quick ratio of 1.39 and a current ratio of 1.39.
The company also recently announced a dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 17th were given a dividend of GBX 1.71 ($0.02) per share. This represents a dividend yield of 1.17%. The ex-dividend date was Thursday, October 17th. Tritax Big Box REIT’s dividend payout ratio (DPR) is currently 0.51%.
About Tritax Big Box REIT
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.
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