Tritax Big Box REIT (OTCMKTS:TTBXF) Lowered to “Hold” Rating by Zacks Research

Tritax Big Box REIT (OTCMKTS:TTBXF) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Separately, BNP Paribas Exane assumed coverage on Tritax Big Box REIT in a research note on Wednesday, July 1st. They set an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Tritax Big Box REIT Stock Performance

Shares of TTBXF stock opened at $2.16 on Thursday. The business has a fifty day moving average of $2.11 and a 200 day moving average of $2.08. 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.