Jefferies Financial Group restated their buy rating on shares of Tritax Big Box REIT (LON:BBOX – Free Report) in a research report released on Friday, MarketBeat reports. The brokerage currently has a GBX 210 ($2.69) price objective on the stock.
Several other equities research analysts have also issued reports on the company. Barclays lifted their price target on Tritax Big Box REIT from GBX 165 ($2.11) to GBX 190 ($2.43) and gave the stock an overweight rating in a research note on Wednesday, April 3rd. Shore Capital reaffirmed a buy rating on shares of Tritax Big Box REIT in a research note on Friday, May 17th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Tritax Big Box REIT in a research report on Friday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of GBX 185 ($2.37).
Get Our Latest Analysis on BBOX
Tritax Big Box REIT Trading Up 0.6 %
Tritax Big Box REIT Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd were paid a GBX 1.83 ($0.02) dividend. This represents a dividend yield of 1.16%. The ex-dividend date was Thursday, May 23rd. Tritax Big Box REIT’s dividend payout ratio (DPR) is presently 17,500.00%.
Insider Buying and Selling
In other news, insider Alastair Hughes bought 30,300 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average cost of GBX 167 ($2.14) per share, with a total value of £50,601 ($64,814.91). 2.01% of the stock is owned by corporate insiders.
Tritax Big Box REIT Company Profile
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.
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