Tritax Big Box REIT (LON:BBOX) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Tritax Big Box REIT plc (LON:BBOX) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 152.88 ($1.92) and traded as low as GBX 129.10 ($1.62). Tritax Big Box REIT shares last traded at GBX 130.50 ($1.64), with a volume of 3,015,493 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 182 ($2.28) target price on shares of Tritax Big Box REIT in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Tritax Big Box REIT has an average rating of “Buy” and a consensus target price of GBX 191.75 ($2.40).

Tritax Big Box REIT Stock Performance

The firm has a market capitalization of £3.24 billion, a P/E ratio of 1,864.29, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a current ratio of 0.54 and a quick ratio of 0.42. The stock’s 50 day moving average is GBX 139.83 and its two-hundred day moving average is GBX 152.66.

Tritax Big Box REIT Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st were paid a dividend of GBX 1.83 ($0.02) per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend yield of 1.2%. Tritax Big Box REIT’s dividend payout ratio is presently 11,428.57%.

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.