Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Down – Here’s Why

Shares of Tritax Big Box REIT plc (OTCMKTS:TTBXF) gapped down prior to trading on Thursday. The stock had previously closed at $2.06, but opened at $1.87. Tritax Big Box REIT shares last traded at $1.87, with a volume of 150 shares trading hands.

Analyst Ratings Changes

TTBXF has been the topic of several research reports. Barclays reissued an “overweight” rating on shares of Tritax Big Box REIT in a research note on Monday, August 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Wednesday, August 26th. Zacks Research lowered shares of Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, BNP Paribas Exane began coverage on shares of Tritax Big Box REIT in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Tritax Big Box REIT Stock Down 9.2%

The stock has a fifty day moving average of $2.13 and a 200-day moving average of $2.06.

About Tritax Big Box REIT

Tritax Big Box REIT plc is a United Kingdom-focused real estate investment trust that owns and manages large-scale logistics properties, commonly known as “big box” warehouses. Its portfolio is designed to support distribution, e-commerce, manufacturing, and broader supply-chain activities.

The company generates rental income by leasing its properties to occupiers, including major retailers, logistics providers, manufacturers, and other businesses that require strategically located distribution facilities.