Tritax Big Box REIT (LON:BBOX) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Tritax Big Box REIT plc (LON:BBOX) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 154.50 and traded as low as GBX 142.80. Tritax Big Box REIT shares last traded at GBX 146.50, with a volume of 5,095,032 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BBOX. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 price target on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. The Goldman Sachs Group decreased their price target on Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating for the company in a research note on Monday, March 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 price target on shares of Tritax Big Box REIT in a research note on Monday, January 26th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 150 price target on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 201.43.

Tritax Big Box REIT Price Performance

The company’s 50 day moving average price is GBX 150.03 and its 200-day moving average price is GBX 154.45. The company has a market cap of £4.07 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 2.05 and a beta of 1.76. The company has a debt-to-equity ratio of 52.74, a quick ratio of 0.42 and a current ratio of 2.38.

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

Insider Activity

In other news, insider Alastair Hughes sold 76,783 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of GBX 153, for a total transaction of £117,477.99. 0.07% of the stock is owned by company insiders.

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.