Tritax Big Box REIT Plc (LON:BBOX)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 180.76 ($2.36) and traded as high as GBX 183.20 ($2.39). Tritax Big Box REIT shares last traded at GBX 182.80 ($2.39), with a volume of 4,148,834 shares.
Separately, Liberum Capital upgraded shares of Tritax Big Box REIT to a “buy” rating and lifted their price target for the stock from GBX 160 ($2.09) to GBX 195 ($2.55) in a research report on Monday, January 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tritax Big Box REIT presently has an average rating of “Buy” and an average target price of GBX 159 ($2.08).
The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 43.08. The stock has a market capitalization of £3.23 billion and a PE ratio of 13.80. The firm’s 50-day simple moving average is GBX 180.70 and its two-hundred day simple moving average is GBX 169.89.
The company also recently disclosed a dividend, which was paid on Thursday, April 1st. Shareholders of record on Thursday, March 18th were given a dividend of GBX 1.71 ($0.02) per share. This represents a yield of 0.96%. This is a boost from Tritax Big Box REIT’s previous dividend of $1.56. The ex-dividend date of this dividend was Thursday, March 18th. Tritax Big Box REIT’s payout ratio is presently 0.47%.
Tritax Big Box REIT Company Profile (LON:BBOX)
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.
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