Tritax Big Box REIT (LON:BBOX) Stock Price Passes Below Two Hundred Day Moving Average of $153.44

Tritax Big Box REIT plc (LON:BBOX) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 153.44 ($1.91) and traded as low as GBX 145.40 ($1.81). Tritax Big Box REIT shares last traded at GBX 146.80 ($1.83), with a volume of 2,950,707 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BBOX shares. Barclays upped their price objective on shares of Tritax Big Box REIT from GBX 165 ($2.05) to GBX 190 ($2.37) and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 155 ($1.93) price objective on shares of Tritax Big Box REIT in a report on Thursday, February 8th. Finally, Shore Capital restated a “buy” rating on shares of Tritax Big Box REIT in a report on Friday, March 1st.

Tritax Big Box REIT Stock Down 0.2 %

The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.42 and a current ratio of 0.40. The company has a market cap of £2.78 billion, a price-to-earnings ratio of 3,662.50, a price-to-earnings-growth ratio of 2.05 and a beta of 0.88. The stock’s fifty day moving average is GBX 151.62 and its two-hundred day moving average is GBX 153.50.

Tritax Big Box REIT Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 14th were issued a GBX 2.05 ($0.03) dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Tritax Big Box REIT’s previous dividend of $1.75. Tritax Big Box REIT’s dividend payout ratio is currently 17,500.00%.

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. 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.