Tritax Big Box REIT (LON:BBOX) Reaches New 52-Week High – Time to Buy?

Tritax Big Box REIT plc (LON:BBOX)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 174 and last traded at GBX 172.20, with a volume of 1205131 shares trading hands. The stock had previously closed at GBX 171.80.

Wall Street Analyst Weigh In

BBOX has been the subject of several analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 230 price objective on shares of Tritax Big Box REIT in a research note on Monday, January 26th. Shore Capital Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 218.50.

Tritax Big Box REIT Trading Up 0.2%

The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54. The stock has a market capitalization of £4.65 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The firm’s fifty day simple moving average is GBX 162.03 and its 200 day simple moving average is GBX 151.02.

Tritax Big Box REIT (LON:BBOX) last issued its quarterly earnings results on Friday, February 27th. The company reported GBX 8.38 earnings per share for the quarter. Tritax Big Box REIT had a net margin of 60.46% and a return on equity of 4.04%. As a group, equities research analysts forecast that Tritax Big Box REIT plc will post 8.9700057 EPS for the current fiscal year.

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. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK.