Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Up – Time to Buy?

Tritax Big Box REIT plc (OTCMKTS:TTBXF) gapped up before the market opened on Thursday. The stock had previously closed at $1.87, but opened at $1.95. Tritax Big Box REIT shares last traded at $1.95, with a volume of 300 shares trading hands.

Wall Street Analysts Forecast Growth

TTBXF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a report on Wednesday, August 26th. The Goldman Sachs Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, August 25th. Zacks Research cut Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Barclays reaffirmed an “overweight” rating on shares of Tritax Big Box REIT in a research note on Monday, August 24th. Finally, BNP Paribas Exane assumed coverage on shares of Tritax Big Box REIT in a research note 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Tritax Big Box REIT Trading Up 21.3%

The firm has a fifty day simple moving average of $2.08 and a 200 day simple moving average of $2.05.

Tritax Big Box REIT Company Profile

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.