Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Up – Should You Buy?

Tritax Big Box REIT plc (OTCMKTS:TTBXF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $1.98, but opened at $2.43. Tritax Big Box REIT shares last traded at $2.43, with a volume of 1,050 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on TTBXF. Zacks Research upgraded Tritax Big Box REIT to a “hold” rating in a research report on Thursday, April 30th. BNP Paribas Exane began coverage on shares of Tritax Big Box REIT in a research report on Wednesday. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Price Performance

The firm’s fifty day moving average price is $2.00 and its 200-day moving average price is $2.03.

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.