Jefferies Financial Group Reaffirms Buy Rating for Tritax Big Box REIT (LON:BBOX)

Jefferies Financial Group restated their buy rating on shares of Tritax Big Box REIT (LON:BBOX) 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).

Tritax Big Box REIT Trading Up 0.6 %

Shares of BBOX stock opened at GBX 161.90 ($2.07) on Friday. Tritax Big Box REIT has a 52-week low of GBX 127.10 ($1.63) and a 52-week high of GBX 173 ($2.22). 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 company has a market capitalization of £3.08 billion, a PE ratio of 4,047.50, a price-to-earnings-growth ratio of 2.05 and a beta of 0.88. The business’s fifty day moving average is GBX 157.77 and its 200 day moving average is GBX 156.54.

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.