Tritax Big Box REIT (LON:BBOX) Sets New 12-Month Low – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX)’s share price reached a new 52-week low on Monday . The stock traded as low as GBX 133.90 ($1.69) and last traded at GBX 133.90 ($1.69), with a volume of 1092661 shares changing hands. The stock had previously closed at GBX 136.36 ($1.72).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 182 ($2.29) price target on shares of Tritax Big Box REIT in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 191.75 ($2.42).

Tritax Big Box REIT Stock Performance

The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99. The stock’s 50 day moving average price is GBX 152.61 and its two-hundred day moving average price is GBX 157.19. The firm has a market capitalization of £3.32 billion, a PE ratio of 1,944.29, a PEG ratio of 2.05 and a beta of 0.89.

Tritax Big Box REIT Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be issued a GBX 1.83 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 1.2%. Tritax Big Box REIT’s dividend payout ratio (DPR) is 11,428.57%.

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.