Zacks Research Downgrades Tritax Big Box REIT (OTCMKTS:TTBXF) to Hold

Tritax Big Box REIT (OTCMKTS:TTBXF) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, BNP Paribas Exane began coverage on Tritax Big Box REIT in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Tritax Big Box REIT currently has an average rating of “Moderate Buy”.

Tritax Big Box REIT Stock Performance

Shares of OTCMKTS:TTBXF opened at $2.16 on Thursday. The business has a 50-day moving average of $2.11 and a two-hundred day moving average of $2.08. Tritax Big Box REIT has a 12 month low of $1.70 and a 12 month high of $2.43.

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.