Tritax Big Box REIT (OTCMKTS:TTBXF) Upgraded to Strong-Buy at Zacks Research

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

Separately, BNP Paribas Exane initiated coverage on shares of Tritax Big Box REIT in a research note on Wednesday. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Tritax Big Box REIT has an average rating of “Strong Buy”.

Tritax Big Box REIT Price Performance

Shares of Tritax Big Box REIT stock opened at $2.17 on Wednesday. Tritax Big Box REIT has a 12-month low of $1.70 and a 12-month high of $2.43. The company’s 50-day moving average price is $2.01 and its 200-day moving average price is $2.03.

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.