Tritax Big Box REIT (OTCMKTS:TTBXF) Sets New 52-Week High – Should You Buy?

Tritax Big Box REIT plc (OTCMKTS:TTBXF)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $2.43 and last traded at $2.17, with a volume of 2149 shares trading hands. The stock had previously closed at $2.42.

Wall Street Analyst Weigh In

Several equities analysts have commented on TTBXF shares. Zacks Research upgraded shares of Tritax Big Box REIT to a “hold” rating in a research report on Thursday, April 30th. BNP Paribas Exane started coverage on shares of Tritax Big Box REIT in a research report on Wednesday. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Tritax Big Box REIT has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Stock Down 10.3%

The stock has a fifty day moving average price of $2.01 and a 200 day moving average price of $2.03.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.

The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.