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

Tritax Big Box REIT plc (OTCMKTS:TTBXF) hit a new 52-week high during trading on Friday . The stock traded as high as $2.43 and last traded at $2.43, with a volume of 120 shares. The stock had previously closed at $2.16.

Analysts Set New Price Targets

TTBXF has been the subject of several research reports. Zacks Research downgraded shares of Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. BNP Paribas Exane assumed coverage on shares of Tritax Big Box REIT in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Tritax Big Box REIT currently has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Stock Performance

The business’s 50 day simple moving average is $2.12 and its 200-day simple moving average is $2.09.

Tritax Big Box REIT Company Profile

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.