Tritax Big Box REIT (LON:BBOX) Hits New 12-Month High – Should You Buy?

Tritax Big Box REIT plc (LON:BBOX) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 174 and last traded at GBX 172.20, with a volume of 1205131 shares changing hands. The stock had previously closed at GBX 171.80.

Wall Street Analyst Weigh In

BBOX has been the subject of a number of research reports. Shore Capital Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, January 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 target price on shares of Tritax Big Box REIT in a report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 218.50.

Tritax Big Box REIT Trading Up 1.9%

The firm has a 50 day simple moving average of GBX 162.81 and a two-hundred day simple moving average of GBX 151.46. The company has a market capitalization of £4.54 billion, a PE ratio of 9.75, a P/E/G ratio of 2.05 and a beta of 1.65.

Tritax Big Box REIT (LON:BBOX) last released its quarterly earnings results on Friday, February 27th. The company reported GBX 8.38 EPS for the quarter. Tritax Big Box REIT had a return on equity of 5.78% and a net margin of 111.98%. Research analysts expect that Tritax Big Box REIT plc will post 8.9700057 earnings per share for the current fiscal year.

About Tritax Big Box REIT

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. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK.