Tritax Big Box REIT plc (LON:BBOX – Get Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 153.44 ($1.91) and traded as low as GBX 145.40 ($1.81). Tritax Big Box REIT shares last traded at GBX 146.80 ($1.83), with a volume of 2,950,707 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 155 ($1.93) price target on shares of Tritax Big Box REIT in a report on Thursday, February 8th. Shore Capital reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Friday, March 1st. Finally, Barclays lifted their target price on shares of Tritax Big Box REIT from GBX 165 ($2.05) to GBX 190 ($2.37) and gave the company an “overweight” rating in a research note on Wednesday, April 3rd.
View Our Latest Analysis on BBOX
Tritax Big Box REIT Price Performance
Tritax Big Box REIT Increases Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 14th were paid a dividend of GBX 2.05 ($0.03) per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 1.4%. This is a positive change from Tritax Big Box REIT’s previous dividend of $1.75. Tritax Big Box REIT’s payout ratio is presently 17,500.00%.
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.
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