Berenberg Bank Reaffirms Buy Rating for Tritax Big Box REIT (LON:BBOX)

Berenberg Bank reissued their buy rating on shares of Tritax Big Box REIT (LON:BBOX) in a report issued on Wednesday morning, MarketBeat.com reports. The brokerage currently has a GBX 182 ($2.40) target price on the stock.

Several other research firms have also recently commented on BBOX. Shore Capital reissued a buy rating on shares of Tritax Big Box REIT in a research note on Friday, May 17th. Jefferies Financial Group restated a buy rating and set a GBX 210 ($2.77) target price on shares of Tritax Big Box REIT in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Tritax Big Box REIT in a report on Friday, July 12th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and an average price target of GBX 191.75 ($2.53).

Tritax Big Box REIT Stock Up 1.9 %

BBOX stock opened at GBX 162.80 ($2.15) on Wednesday. The company has a market cap of £4.04 billion, a PE ratio of 2,325.71, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99. Tritax Big Box REIT has a twelve month low of GBX 127.10 ($1.68) and a twelve month high of GBX 173 ($2.28). The business’s 50-day simple moving average is GBX 160.39 and its 200 day simple moving average is GBX 156.40.

Tritax Big Box REIT Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd will be paid a dividend of GBX 1.83 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 1.14%. Tritax Big Box REIT’s dividend payout ratio is presently 10,000.00%.

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.