Tritax Big Box REIT’s (BBOX) Buy Rating Reaffirmed at Shore Capital Group

Shore Capital Group reissued their buy rating on shares of Tritax Big Box REIT (LON:BBOX) in a research report sent to investors on Thursday morning, MarketBeat reports.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group reduced their price objective on Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating for the company in a research report on Monday, March 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 price objective on shares of Tritax Big Box REIT in a research report on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 price objective on shares of Tritax Big Box REIT in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a research report on Friday, March 20th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 201.43.

Tritax Big Box REIT Stock Down 0.0%

LON:BBOX opened at GBX 152.45 on Thursday. Tritax Big Box REIT has a 1 year low of GBX 132.20 and a 1 year high of GBX 174. The company has a current ratio of 2.38, a quick ratio of 0.42 and a debt-to-equity ratio of 52.74. The stock has a market cap of £4.12 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 2.05 and a beta of 1.14. The stock has a 50-day moving average price of GBX 153.28 and a two-hundred day moving average price of GBX 154.70.

Tritax Big Box REIT (LON:BBOX) last posted its earnings results on Friday, February 27th. The company reported GBX 8.38 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a return on equity of 5.78% and a net margin of 111.98%. As a group, equities analysts expect that Tritax Big Box REIT will post 8.9700057 earnings per share for the current year.

Insider Buying and Selling at Tritax Big Box REIT

In other news, insider Alastair Hughes sold 76,783 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of GBX 153, for a total transaction of £117,477.99. 0.07% of the stock is owned by corporate insiders.

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. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.