Tritax Big Box REIT (OTCMKTS:TTBXF) Sets New 12-Month High – Here’s Why

Tritax Big Box REIT plc (OTCMKTS:TTBXF)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $2.43 and last traded at $2.43, with a volume of 120 shares traded. The stock had previously closed at $2.16.

Wall Street Analyst Weigh In

Several research firms have recently commented on TTBXF. BNP Paribas Exane began coverage on Tritax Big Box REIT in a research note on Wednesday, July 1st. They issued an “outperform” rating for the company. Zacks Research lowered Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Stock Performance

The firm’s 50-day moving average price is $2.13 and its 200 day moving average price is $2.09.

Tritax Big Box REIT Company Profile

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.