Tritax Big Box REIT (LON:BBOX) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Tritax Big Box REIT (LON:BBOX) in a research note released on Friday, MarketBeat.com reports.

A number of other research analysts also recently commented on BBOX. Barclays boosted their price objective on shares of Tritax Big Box REIT from GBX 165 ($2.14) to GBX 190 ($2.46) and gave the company an overweight rating in a research report on Wednesday, April 3rd. Shore Capital reiterated a buy rating on shares of Tritax Big Box REIT in a report on Friday, May 17th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of GBX 185 ($2.40).

Tritax Big Box REIT Trading Up 0.1 %

LON:BBOX opened at GBX 162 ($2.10) on Friday. The stock has a market cap of £3.08 billion, a PE ratio of 4,050.00, a price-to-earnings-growth ratio of 2.05 and a beta of 0.88. Tritax Big Box REIT has a fifty-two week low of GBX 127.10 ($1.65) and a fifty-two week high of GBX 173 ($2.24). The company has a debt-to-equity ratio of 48.45, a current ratio of 0.40 and a quick ratio of 0.42. The stock’s 50-day moving average is GBX 157.83 and its two-hundred day moving average is GBX 156.49.

Tritax Big Box REIT Cuts Dividend

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

Insider Activity

In other Tritax Big Box REIT news, insider Alastair Hughes acquired 30,300 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of GBX 167 ($2.17) per share, for a total transaction of £50,601 ($65,621.84). 2.01% of the stock is owned by 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.