Tritax Big Box REIT (OTCMKTS:TTBXF) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Tritax Big Box REIT (OTCMKTS:TTBXF) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

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

Tritax Big Box REIT Price Performance

Shares of TTBXF opened at $2.16 on Thursday. The stock’s fifty day simple moving average is $2.11 and its 200 day simple moving average is $2.08. Tritax Big Box REIT has a twelve month low of $1.70 and a twelve month high of $2.43.

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.