Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Down – What’s Next?

Shares of Tritax Big Box REIT plc (OTCMKTS:TTBXF) gapped down before the market opened on Monday . The stock had previously closed at $2.43, but opened at $2.06. Tritax Big Box REIT shares last traded at $2.06, with a volume of 826 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTBXF. BNP Paribas Exane began coverage on Tritax Big Box REIT in a report on Wednesday, July 1st. They set an “outperform” rating for the company. Zacks Research cut Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Tritax Big Box REIT Price Performance

The company’s 50 day moving average is $2.17 and its 200 day moving average is $2.11.

About Tritax Big Box REIT

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.