Tritax Big Box REIT plc (OTCMKTS:TTBXF) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Tritax Big Box REIT plc (OTCMKTS:TTBXF) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company.

TTBXF has been the topic of a number of recent research reports. Zacks Research lowered shares of Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Barclays restated an “overweight” rating on shares of Tritax Big Box REIT in a report on Monday, August 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research report on Wednesday, October 14th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a report on Tuesday, August 25th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a report on Wednesday, August 26th.

Tritax Big Box REIT Price Performance

OTCMKTS:TTBXF remained flat at $1.98 during mid-day trading on Friday. Tritax Big Box REIT has a one year low of $1.61 and a one year high of $2.43. The company’s 50 day simple moving average is $1.97 and its two-hundred day simple moving average is $2.07.

About Tritax Big Box REIT

Tritax Big Box REIT is a UK real estate investment trust focused on large-scale logistics properties, including distribution warehouses and other facilities used to store and move goods. It owns and manages these properties and leases them to businesses that need space for supply-chain and distribution operations. The company’s portfolio is concentrated in the United Kingdom, with properties generally positioned to serve major population centres and transport networks. Its activities include acquiring, managing and developing logistics real estate for long-term use by tenants.