Tritax Big Box REIT (LON:BBOX) Reaches New 12-Month High – Still a Buy?

Tritax Big Box REIT plc (LON:BBOX) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 167.16 and last traded at GBX 166.70, with a volume of 6544411 shares trading hands. The stock had previously closed at GBX 163.80.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 price target on shares of Tritax Big Box REIT in a report on Monday, January 26th. Jefferies Financial Group boosted their price objective on shares of Tritax Big Box REIT from GBX 180 to GBX 184 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 218.50.

Tritax Big Box REIT Stock Up 2.3%

The company has a debt-to-equity ratio of 43.99, a current ratio of 0.54 and a quick ratio of 0.42. The company has a 50-day moving average of GBX 155.78 and a two-hundred day moving average of GBX 148.30. The company has a market capitalization of £4.53 billion, a PE ratio of 9.72, a P/E/G ratio of 2.05 and a beta of 0.89.

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. 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.