Tritax Big Box REIT (OTCMKTS:TTBXF) Upgraded to “Strong-Buy” at Zacks Research

Tritax Big Box REIT (OTCMKTS:TTBXF) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, BNP Paribas Exane began coverage on Tritax Big Box REIT in a research report on Wednesday. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Tritax Big Box REIT Price Performance

Shares of OTCMKTS TTBXF opened at $2.17 on Wednesday. The stock has a fifty day simple moving average of $2.01 and a two-hundred day simple moving average of $2.03. Tritax Big Box REIT has a 1-year low of $1.70 and a 1-year high of $2.43.

About Tritax Big Box REIT

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.