Tritax Big Box REIT plc (LON:BBOX) Insider Alastair Hughes Acquires 30,300 Shares

Tritax Big Box REIT plc (LON:BBOX) insider Alastair Hughes purchased 30,300 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was bought at an average price of GBX 167 ($2.12) per share, with a total value of £50,601 ($64,312.40).

Tritax Big Box REIT Stock Down 1.3 %

Shares of BBOX stock opened at GBX 160 ($2.03) on Thursday. The stock has a market cap of £3.04 billion, a PE ratio of 4,000.00, a price-to-earnings-growth ratio of 2.05 and a beta of 0.88. Tritax Big Box REIT plc has a 1 year low of GBX 121.80 ($1.55) and a 1 year high of GBX 173 ($2.20). The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.42 and a current ratio of 0.40. The business’s fifty day moving average is GBX 154.63 and its 200-day moving average is GBX 156.78.

Tritax Big Box REIT Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd will be issued a GBX 1.83 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a dividend yield of 1.16%. Tritax Big Box REIT’s payout ratio is currently 17,500.00%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 155 ($1.97) price objective on shares of Tritax Big Box REIT in a report on Thursday, February 8th. Barclays increased their price objective on shares of Tritax Big Box REIT from GBX 165 ($2.10) to GBX 190 ($2.41) and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Finally, Shore Capital reissued a “buy” rating on shares of Tritax Big Box REIT in a research note on Friday, May 17th.

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. BBOX is committed to delivering attractive and sustainable returns for Shareholders by investing in and actively managing existing built investments and land suitable for logistics development.