Tritax Big Box REIT plc (LON:BBOX) Given Average Recommendation of “Moderate Buy” by Brokerages

Tritax Big Box REIT plc (LON:BBOX) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 201.43.

Several research firms have recently commented on BBOX. Berenberg Bank reissued a “buy” rating and issued a GBX 230 price target on shares of Tritax Big Box REIT in a research report on Monday, January 26th. The Goldman Sachs Group dropped their price objective on Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating on the stock in a research report on Monday, March 30th. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 150 target price on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 200 price objective on shares of Tritax Big Box REIT in a research report on Thursday, May 7th.

Insiders Place Their Bets

In other Tritax Big Box REIT news, insider Alastair Hughes sold 76,783 shares of Tritax Big Box REIT stock in a transaction on Monday, March 9th. The shares were sold at an average price of GBX 153, for a total value of £117,477.99. 0.07% of the stock is currently owned by company insiders.

Tritax Big Box REIT Price Performance

LON BBOX opened at GBX 144.30 on Friday. The company has a market cap of £3.90 billion, a PE ratio of 10.03, a P/E/G ratio of 2.05 and a beta of 1.76. The firm’s 50 day moving average price is GBX 150.72 and its 200-day moving average price is GBX 154.55. 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 has a 52-week low of GBX 132.20 and a 52-week high of GBX 174.

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

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.