Tritax Big Box REIT (LON:BBOX) Shares Break Below Two Hundred Day Moving Average – Here’s Why

Tritax Big Box REIT plc (LON:BBOX) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 153.84 and traded as low as GBX 142.10. Tritax Big Box REIT shares last traded at GBX 143.10, with a volume of 7,033,307 shares.

Wall Street Analysts Forecast Growth

Several research firms have commented on BBOX. Berenberg Bank dropped their target price on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating on the stock in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Peel Hunt reaffirmed an “add” rating and issued a GBX 180 price target on shares of Tritax Big Box REIT in a report on Monday, July 27th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 201 price target on shares of Tritax Big Box REIT in a research note on Thursday, October 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tritax Big Box REIT has an average rating of “Moderate Buy” and a consensus price target of GBX 183.43.

Tritax Big Box REIT Price Performance

The business’s 50 day moving average is GBX 148.94 and its two-hundred day moving average is GBX 153.84. The company has a debt-to-equity ratio of 52.13, a current ratio of 0.74 and a quick ratio of 0.42. The firm has a market capitalization of £4.19 billion, a PE ratio of 13.66, a P/E/G ratio of 2.05 and a beta of 1.74.

Tritax Big Box REIT (LON:BBOX) last released its quarterly earnings results on Wednesday, August 5th. The company reported GBX 4.41 earnings per share for the quarter. Tritax Big Box REIT had a return on equity of 5.39% and a net margin of 76.38%. As a group, research analysts anticipate that Tritax Big Box REIT plc will post 8.97 EPS for the current year.

Tritax Big Box REIT Company Profile

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. Tritax Big Box targets 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 clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.